The world’s first central power plant was opened in New York nearly 135 years ago. It used an energy efficient technology that’s only now gaining widespread adoption.
Built by Thomas Edison’s company in 1882, the Pearl Street Station was the world’s first combined heat and power (CHP) plant. It harnessed the heat emanating from its steam engines to warm nearby buildings. But it’s only recently that the practice of cogenerating heat and electricity has started to see widespread adoption.
Michael Johnston submits:Continuing a very active month for the ETF industry, State Street rolled out three new sector-specific funds on Thursday. Each of the new products will provide more targeted exposure than the ultra-popular sector SPDRs that focus on the nine major industries of the U.S. economy. The new ETFs include:
The Patient Protection and Affordable Care Act is primarily about the provision of health insurance to people, but it does include a number of important provisions in the lifestyle, wellness, and prevention space that offers the most cost-effective route to improved health.
Steve Benen observes a curious exchange at the Senate Finance Committee:
“Are you aware that if you take out gun accidents and auto accidents, that the United States actually is better than those other countries?” Ensign said. Sen. Kent Conrad (D-ND) had been citing the health care systems of France, Germany, Japan and Canada as more effective, but with lower costs.
Conrad responded that one can bend statistics in all sorts of ways.
MUMBAI: The entry of a substantial number of new, differentiated banks is an overarching growth driver for the financial distribution segment, says a CII-PwC report. The other three growth drivers for the segment include providing an impetus to change in the delivery and consumption of financial services, demographic factors, technology changes and regulation, it said.
Reuters/Blair GableAs voters go to the polls this November, at least four states will consider ballot questions on marijuana legalization. Pending proposals in Nevada, Maine and California would authorize recreational marijuana use, while Floridians will vote on whether to allow medical marijuana use.