Shuttering fossil fuel power plants may cost less than expected — ScienceDaily

Decarbonizing U.S. electricity production will require both construction of renewable energy sources and retirement of power plants now operated by fossil fuels. A generator-level model described in the December 4 issue of the journal Science suggests that most fossil fuel power plants could complete normal lifespans and still close by 2035 because so many facilities are nearing the end of their operational lives.

Meeting a 2035 deadline for decarbonizing U.S. electricity production, as proposed by the incoming U.S. presidential administration, would eliminate just 15% of the capacity-years left in plants powered by fossil fuels, says the article by Emily Grubert, a Georgia Institute of Technology researcher. Plant retirements are already underway, with 126 gigawatts of fossil generator capacity taken out of production between 2009 and 2018, including 33 gigawatts in 2017 and 2018 alone.

“Creating an electricity system that does not contribute to climate change is actually two processes —

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As Expected, PS5 And Xbox Series X Feel Like They’ve Tied, For Now

I’ve written a number of articles about how I like this feature or that feature better on PS5 over Xbox Series X, or vice versa. But in the end, after spending close to a month with both new consoles, this is ending where I thought it probably would.

In a tie game, for now.

Simply put, there is not a whole lot to make these two consoles stand out significantly from one another. They’re both just…very good, and very powerful, and if they have problems, they often share them.

While yes, the PS5 has a price advantage with its digital version being $100 cheaper, the vast majority of the extremely limited stock produced is of the $500 disc version, just like there are way more $500 Xbox Series X’s than there are $300 Xbox Series S’s.

For sales, no one really knows the exact figures,

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Dow Jones Tumbles as Apple Stock Rises on Price Target Bump, Salesforce Stock Slumps on Expected Slack Acquisition

The Dow Jones Industrial Average (DJINDICES:^DJI) couldn’t hold it together on Monday, slumping about 0.89% by 10:05 a.m. EST. The COVID-19 vaccine situation improved after Moderna released the full results of its phase 3 study, but the news wasn’t enough to propel the markets higher. Moderna found a vaccine efficacy of 94.1% against COVID-19, with an efficacy of 100% against severe COVID-19 cases.

Shares of Apple (NASDAQ:AAPL) got a boost after receiving an analyst price target increase on 5G upgrade optimism. Meanwhile, shares of (NYSE:CRM) slumped on a report that the company’s acquisition of Slack (NYSE:WORK) is coming tomorrow.

5G text over earth.

Image source: Getty Images.

Apple gets a higher price target on 5G optimism

Asking people what they’re going to do isn’t a very reliable method of predicting what they’re actually going to do. Surveys often indicate that some large percentage of Netflix‘s user base would cancel or downgrade their

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5G’s rollout speeds along faster than expected, even with the coronavirus pandemic raging

The world may be grappling with a widespread pandemic, but that’s sure not slowing down 5G’s rollout. The super-fast technology reached more customers this year than expected and will cover about 60% of the global population by 2026, according to a new report from Ericsson. That makes 5G the fastest deployed mobile network ever, the Swedish networking giant said.

a laptop computer sitting on top of a keyboard: 5G has rolled out faster than any other mobile network in history. Angela Lang/CNET

© Provided by CNET
5G has rolled out faster than any other mobile network in history. Angela Lang/CNET

By the end of this year, there will be 218 million 5G subscriptions around the world, up from Ericsson’s forecast in June for 190 million — which itself was an increase from an earlier estimate. 


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“5G coverage will be built out to the extent that 1 billion people will live in 5G coverage areas by the end of 2020 worldwide,” Patrick Cerwall, head of strategic marketing insights at Ericsson, said in

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A Quick Look At Technology’s Expected EPS Growth Rates In 2021

In the weekly “This Week in Earnings” Refinitiv publishes expected, full-year, growth rates for next year on a weekly basis.

As of the end of November, IBES data by Refinitiv is expecting the Tech sector to grow EPS 15% next year, and as the above graph shows, a slow but expected decline has been occurring in the Tech sector’s expected EPS growth over the last 6 months. (That decline is not unusual.)

Here is another way of looking at similar sector by quarter:

Looking at the left-hand columns from Refinitiv, the expected tech sector EPS growth in January ’20 (not shown) was roughly 10%, so the sector has recovered nearly 60% of what was expected at the start of the year. For 2021, the initial estimates were looking for 17% expected growth so – as of today – the expected 14% growth for next year has almost closed the Covid-19

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How the Biden administration is expected to approach tech research and development

WASHINGTON — Experts expect President-elect Joe Biden’s administration to build on the Trump administration’s investments in emerging technologies, while adding to research and development budgets in the Defense Department and across the federal government.

The incoming Biden administration signaled throughout the campaign that basic research and development funding would be a priority. Biden wrote in Foreign Affairs he would make research and development a “cornerstone” of his presidency and pointed to the United States having the “greatest research universities in the world.”

“It’s basic research that’s the area where you get the breakthroughs, and you need long-term, sustained investments to build up a strong S&T base,” said Martijn Rasser, a senior fellow at the Center for a New American Security’s technology and national security program.

Biden’s R&D investment is an expected change from the Trump administration’s approach, which experts have noted is narrower in scope and focused on harnessing private

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Finland’s third quarter GDP grew 3.3%, more than expected

FILE PHOTO: People walk past Stockmann shopping center in Helsinki, Finland, May 6, 2017. REUTERS/Ints Kalnins

HELSINKI (Reuters) – Finland’s third-quarter economic output rose 3.3% from the second quarter, Statistics Finland said on Friday, outstripping an earlier flash estimate of a rise of 2.6%.

The new estimate prompted Danske Bank chief economist Pasi Kuoppamaki to call it “an encouraging sign of the Finnish economy’s corona resilience”.

Statistic Finland also revised its estimate of the decline in Finnish second-quarter gross domestic product to 3.9% quarter-on-quarter, from a previous estimate of a 4.5% drop.

The earlier estimate of the second-quarter GDP drop caused by the COVID-19 pandemic was already the smallest among euro zone economies, according to estimates collected by Eurostat in September.

Year-on-year, Finland’s GDP fell 2.7% in the third quarter, Statistics Finland said.

Finland’s consumer confidence index recovered in November to -4.8 points but remained below its long-term average level

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Nokia 9.3 PureView launch could be delayed again, now expected in 2021

Nokia 9 PureView Review
  • Nokia’s Snapdragon 865 flagship may not launch this year.
  • The phone is apparently delayed till the first half of 2021.
  • Considering HMD Global’s erratic launch timelines, this isn’t really surprising.

Call it the curse of the pandemic or plain old mismanagement, but it looks like the Nokia 9.3 PureView, or whatever the company’s next flagship is called, will not make it to market this year.

According to tipster Nokia Anew, the successor to the Nokia 9 PureView has been delayed until next year, specifically the first half of 2021. The exact date or month of launch is still unknown, but we wouldn’t be surprised if it’s pushed even further or if HMD Global decides to skip the Snapdragon 865 flagship altogether.

Nokia 9 3 delay rumor

As per previous rumors, the so-called Nokia 9.3 PureView has been delayed several times this past year. A report in September pegged the launch of the phone for

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10,000 Job Cuts Expected In Europe; UK, Germany Most Affected


  • The job cut will affect 20% of the company’s staff members
  • IBM would sell off most of its IT services
  • The company fired thousands of employees in May 

International Business Machines Corp. plans to cut nearly 10,000 jobs in Europe ahead of a broad shift to a hybrid cloud approach. 

The job cuts at IBM will significantly affect the United Kingdom and Germany. Cuts are also planned in Poland, Slovakia, Italy and Belgium. IBM’s wide-ranging losses will affect 20% of staff members managing the daily support function for client data centers and IT support, sources told Bloomberg. 

IBM announced the decision in November during a meeting with European labor representatives, according to a union officer with knowledge of the conversations. 

“Our staffing decisions are made to provide the best support to our customers in adopting an open hybrid cloud platform and AI capabilities,” an IBM spokesman said. “We

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Happy Zoomsgiving! Here’s how tech is expected to play an essential role in this year’s celebrations

with Tonya Riley

Note to readers: The Technology 202 newsletter will not publish on Thursday or Friday as we celebrate Thanksgiving. We’re grateful for your readership, especially during these difficult times. We hope you have a healthy and happy holiday. 

Zoom will be more essential than turkeys at some Thanksgivings this year.

Tech companies will play a pivotal role in the holidays for many families, as the Centers for Disease Control and Prevention recommends against traveling or gathering due to climbing coronavirus cases. That means a grid of videoconferencing boxes be supplanting the traditional table in many households, and marketing emails are replacing Black Friday doorbusters. 

a man and a woman sitting on a couch: A couple celebrates Thanksgiving with friends by having dinner together over a Zoom video call (Photo by Scott Heins/Getty Images)

© Scott Heins/Getty Images
A couple celebrates Thanksgiving with friends by having dinner together over a Zoom video call (Photo by Scott Heins/Getty Images)

The virtual gatherings and rise in online shopping expected this week is a sign of how even more powerful tech

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