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#Trump Is Rerouting Trillions in Capital During His Second Term #politics #shorts
Bloomberg Television· 2025-12-23 18:47
Policy & Regulation Impact - The US government is rerouting hundreds of billions of dollars through the economy via executive orders [1] - A new law, the Genius Act, is converting the crypto industry into a major buyer of Treasury bills, redirecting tens of billions of dollars toward Washington's borrowing needs [2] - Proposed changes to capital rules could free up balance sheet space for big banks, allowing them to hold more treasuries and expand repo lending [5] Energy Sector Shifts - The administration is speeding up fossil fuel permits and phasing out key clean energy tax credits earlier than expected [3] - This is cooling investment in offshore wind and EVs while reviving drilling projects in midstream pipelines, shifting big money out of green power and back toward oil and gas [3] Financial Market Restructuring - Fannie Mae and Freddie Mac are being prepared for a return to private ownership, which could lead to massive equity raises and changes in how home loans are financed and priced [4] - A new executive order makes it easier for retirement plans to offer private equity and private credit options for workers, potentially pushing billions into alternative asset managers [3][4] Potential Risks & Criticisms - Critics argue that the proposed changes to capital rules will make the financial system more fragile and give big banks an even greater competitive advantage [5]
Clean energy program in California turns waves into renewable energy
NBC News· 2025-11-06 04:23
Overview of Eco Wave Power - Eco Wave Power is pioneering onshore wave power technology, representing a novel approach to renewable energy [1][2] - The technology utilizes floaters that generate clean electricity from wave motion, offering a continuous energy source without the need for batteries [1][2] Project and Partnerships - Eco Wave Power has partnered with Alta Sea and Shell Marine Renewable Energy for the first onshore wave power site in the U S [1] - The company has identified 77 potential U S sites with maximum wave wattage for future development [4] Technology and Operation - The system uses floaters that move with the waves, driving hydraulic cylinders to build pressure and power generators [3] - The technology is designed to be simple and easy to maintain, addressing concerns about the complexity and cost of wave energy [5] Potential and Scalability - A commercial project at the Port of Los Angeles could potentially generate up to 60 megawatts of power, enough to power approximately 60 thousand homes [4] - Eco Wave Power already has a power station in Israel connected to the national electrical grid, demonstrating the technology's viability [3] Challenges and Opportunities - Wave energy commercialization has been hindered by concerns about cost, reliability, and operational complexity [5] - Eco Wave Power aims to overcome these challenges by offering a simpler, more cost-effective solution, particularly in locations with existing infrastructure like the Port of Los Angeles [5][6]