4/29/21 Power Five

1. Bitcoin Mining in China Threaten Climate Goals – “China’s energy consumption from Bitcoin mining in 2024 will exceed the total energy consumption level of countries like Italy and Saudi Arabia, the study said, and the carbon emissions will exceed the annual greenhouse gas emissions outputs of countries including the Netherlands, Spain and Czech Republic.”

2. Andrew Yang and the Age of Blah – “Maybe even some of these guys’ ideas will help humanity in the long term (doubt it): electric cars, UBI, “hyper-loops,” going to space. But for some reason they just fill me with a sense of despair. Is this the future? Is this what we have to look forward to? Goofy inventions and the rule of doofuses you can’t even call “evil” because they just don’t even have the depth or energy to be evil.”

3. How Poverty Affects Young Brains – “Over the past 15 years, dozens of studies have found that children raised in meager circumstances have subtle brain differences compared with children from families of higher means. On average, the surface area of the brain’s outer layer of cells is smaller, especially in areas relating to language and impulse control, as is the volume of a structure called the hippocampus, which is responsible for learning and memory.

4. Weight Gain in the Covid 19 Era – “A recent survey of more than 3,000 American adults, by the American Psychological Association, showed that 42 percent of those surveyed had gained more weight than they intended over the past year. The average weight gain was 29 pounds (the median amount gained was 15 pounds). Millennials reported the largest average weight gain – 41 pounds.”

5. The Magical Realism of Tesla – “Besides AI and software, Mr Musk is also doubling down on Tesla’s original plan to build, alongside an affordable car, a zero-emission energy business. He has outlined the intention of producing three terawatt-hours of battery capacity within a decade, more than 12 times as much as the goal of Volkswagen, its nearest EV competitor. Besides bringing the cost of cars down to $25,000 a pop, the batteries will also go towards Tesla’s home-energy-storage business. That would create what he calls a “giant distributed utility” that can cope with increased electricity demand as more people use EVs, as well as provide grid stability at times of bad weather. Mr Dorsheimer, who is particularly bullish on Tesla’s solar and storage business, thinks its energy brand could become “Apple-esque”.