News That Matters

Tag: power

Moonves' negotiated exit shows the power of #TimesUp

Moonves' negotiated exit shows the power of #TimesUp

Finance
Watch: Norah O'Donnell reacts to Moonves exit Months have passed since celebrities first wore Time's Up pins on the red carpet, but the advocacy organization hasn't stopped fighting for women facing harassment. On Sunday, Ronan Farrow published another bombshell investigation in The New Yorker. In his latest story, six new women accused CBS chief executive Leslie Moonves of sexual misconduct. Moonves, one of America's highest-paid CEOs, stepped down hours later — but still with hope of an eventual payout from his former employer. "As of a couple of days ago, they were still talking about potentially letting him leave with a very generous exit package, up to the neighborhood of $ 100 million," Farrow said on CNN. "Many of the women found that very, very frustratin...
Large-scale wind and solar power 'could green the Sahara'

Large-scale wind and solar power 'could green the Sahara'

Science
Installing huge numbers of solar panels and wind turbines in the Sahara desert would have a major impact on rainfall, vegetation and temperatures, researchers say.They found that the actions of wind turbines would double the amount of rain that would fall in the region.Solar panels have a similar impact although they act in a different way. The authors say their work reinforces the view that large-scale renewables could transform the Sahara region. The scientists modelled what would happen if 9 million sq km of the Sahara desert was covered in renewable energy sources. They focussed on this area because it is sparsely populated, and it is also exposed to significant amounts of sun and wind and is close to large energy markets in ...
Now with power to long rule China, Xi beset by challenges

Now with power to long rule China, Xi beset by challenges

World
As China's leaders gather for their annual Yellow Sea retreat, the country's political waters are looking choppy. Chinese President and ruling Communist Party leader Xi Jinping is beset by economic, foreign policy and domestic political challenges just months after clearing his way to rule for as long as he wants as China's most dominant leader since Mao Zedong. Mounting criticism of the Xi administration's policies has exposed the risks he faces from amassing so much power: He's made himself a natural target for blame. "Having concentrated power, Xi is responsible for all policy setbacks and policy failures," said Joseph Cheng, a retired City University of Hong Kong professor and long-time observer of Chinese politics. Notably, Xi used to dominate state-run newspapers' front pages and t...
New technology to power pocket-sized particle accelerator

New technology to power pocket-sized particle accelerator

Science
Aug. 9 (UPI) -- New particle acceleration technology promises to shrink the amount of space required to study exotic particles. "With this new accelerator method, we could drastically reduce the size and the cost of antimatter acceleration," physicist Aakash Sahai said in a news release. "What is now only possible by using large physics facilities at tens of million-dollar costs could soon be possible in ordinary physics labs." The world's most powerful particle accelerators are found in vast, underground facilities. They require more than a mile of space. Scientists at Imperial College London have developed a method for accelerating positrons to extreme speeds in a space 1,000-times smaller than the world's largest accelerators. "The technologies used in facilities like the Large Hadron...
Companies appear to be gaining market power

Companies appear to be gaining market power

Finance
COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents evidence that this is happening across the rich world.The researchers examine markups—selling prices divided by production costs. At 1, products are sold at cost; above 1, there is a gross profit. Using the financial statements of 70,000 firms in 134 countries, the authors find average markups rose from 1.1 in 1980 to 1.6 in 2016.America and Europe saw the biggest increases (see chart). But in many emerging markets markups barely rose. In China they fell. That suggests rich-world firms may have been able to i...