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White House aide Blair: The cost overruns on the renovation of the Federal Reserve building are "huge". Trump is not considering firing Powell at this time.Vought, director of the White House Office of Management and Budget: We still have questions about the renovation of the Federal Reserve building, and this trip to the Federal Reserve did not provide satisfactory answers. After visiting the Federal Reserve building, we have a better understanding of what is happening.Intel (INTC.O) executives: Total capital expenditures are expected to reach approximately $18 billion in 2025.Intel (INTC.O) CFO: Due to the limited production capacity of Intels 7nm process, Intels foundry service revenue is expected to decline slightly month-on-month in the third quarter.On July 25, President Trump tweeted that it was a pleasure to visit the renovation site of the Federal Reserve Building (and some new buildings!) with Federal Reserve Chairman Jerome Powell, Senator Tim Scott, and others. The renovation of the building still has a long way to go, and it would be better if it didnt start, but now that its done, I hope it can be completed as soon as possible. The cost overruns are huge, but on the positive side, our country is doing well and can afford almost anything - even the cost of this building! As you all know, I previously renovated the Old Post Office Building on Pennsylvania Avenue with great success. The total construction cost of the (Old Post Office Building) is only a fraction of the cost of the Federal Reserve Building, and the scale is many times that of the Federal Reserve Building. Having said all that, lets get it done, and more importantly, lower interest rates!

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.