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07.06.26 - 21:57
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Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild (ZeroHedge)
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Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild
Treasury Secretary Scott Bessent is reportedly pursuing a pathway to repurpose Iranian assets to compensate Amerca's Gulf allies which have suffered significant damage due to Iran's attacks in the wake of Trump's Operation Epic Fury.
Over eighty oil, gas, and vital infrastructure facilities across the Gulf have been hit - with most of the attacks having occurred in March and April - with one recent report estimating up to $58 billion in damage. Iran has sought to justify these attacks as 'retaliation' for these Gulf countries hosting American bases during the US unprovoked assault on the Islamic Republic.
Image source: White House
"Treasury will utilize all tools available to allow Iranian assets to be made available to our Gulf allies to support rebuilding and repairs for any future damage caused by Iran," a US official told ABC's Senior White House correspondent Selina Wang over the weekend.
"T...
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07.06.26 - 21:57
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New York Legislature Passes Data Center Moratorium (ZeroHedge)
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New York Legislature Passes Data Center Moratorium
Authored by Nicholas Zifcak via The Epoch Times,
The New York state Legislature passed a one-year data center permit moratorium June 4 in the final days of the legislative session. If Gov. Kathy Hochul signs it into law, New York would be the first to enact a statewide moratorium.
A data center in Tennessee. Courtesy of CleanSpark
The legislation requires a pause on permitting while the state Department of Environmental Conservation conducts a comprehensive study on the impact of data centers on electricity, pollution, and water and land use.
The law would apply to data centers that draw 20 megawatts or more of power at peak use. It would also require data centers to increasingly rely on non-carbon energy sources, using one-third renewables by 2030 and 90 percent by 2040.
When asked on June 3 about the legislation during an unrelated event in Brooklyn, Hochul said she will consider the moratorium, and that "the status quo can't continue."
Hoc...
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07.06.26 - 21:54
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Air New Zealand CEO on "Sky Nest" Beds (Bloomberg)
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Air New Zealand CEO Nikhil Ravishankar speaks at the International Air Transport Association (IATA) on "Sky Nest" bunk beds, a lie-flat sleeping pod which can be booked for four-hour sessions on long-haul flights. (Source: Bloomberg)...
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