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Market news: The Pentagon has allocated a budget and set a timetable for the classified "Golden Dome" space program.On August 8th, U.S. Treasury Secretary Bessant posted on social media: "Todays jobs report underestimates the underlying strength of the real economy: businesses are being built, factories are producing, and worker productivity is increasing. July marked the fifth consecutive month of job growth in goods-producing sectors. So far this year, goods-producing sectors have created 105,000 jobs, marking the strongest seven-month start since 2023. Furthermore, second-quarter productivity growth more than doubled expectations, creating favorable conditions for sustained U.S. economic growth and real wage increases for U.S. workers. Strong third-quarter economic growth expectations further indicate that the U.S. economy is poised for accelerated growth. As the U.S. produces more and worker productivity continues to rise, the U.S. economy will benefit: higher wages, stronger businesses, more consumer choice, and economic expansion built on supply-side strength that can reduce inflation, rather than relying on short-term stimulus effects."U.S. Treasury Secretary Bessenter: The economy is expected to accelerate.U.S. Treasury Secretary Bessenter: Today’s jobs report underestimates the potential strength of the U.S. economy.According to Reuters, the White House sent a letter to Federal Reserve Governor Cook dated August 5, requesting her to provide a written response to related statements within 21 days.

Desalination Plant in California Suffers Setback With Recommendation For Denial

Haiden Holmes

Apr 26, 2022 10:07

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The commission, which has the authority to reverse staff decisions but does so infrequently, is due to vote on the project on May 12.


Desalination, environmentalists argue, annihilates ocean life, consumes excessive amounts of money and energy, and will soon be rendered obsolete by water recycling.


Poseidon Water, the infrastructure subsidiary of Canada's Brookfield Asset Management, is proposing the desalination facility near Huntington Beach, just south of Los Angeles.


Poseidon has been attempting to secure approval for the project for more than two decades, spending an estimated $100 million in the process.


With the Western states of the United States suffering from a prolonged drought, officials appeared to be on the verge of approving the Huntington Beach facility. Last year, the business expressed sufficient confidence to discuss breaking ground on the $1.4 billion factory by the end of 2022.


Poseidon has operated a comparable facility in Carlsbad since 2015, although it was permitted locally prior to the state enacting regulations governing desalination plants.