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Perhaps the most stark ghost city is Kangbashi, in Inner Mongolia. Built in just five years, Kangbashi was designed to be the showcase urban center of Ordos City, a relatively wealthy coal-mining hub that's home to 1.5 million people. A public-works project worthy of Kubla Khan's "stately pleasure-dome," Kangbashi is filled with office towers, administrative centers, government buildings, museums, theaters and sports fields - not to mention acre on acre of subdivisions overflowing with middle-class duplexes and bungalows. The only problem: the district was originally designed to house, support and entertain 1 million people...
...business. The consulting firm Pike Research estimates that the global market for lithium-ion batteries could grow from $877 million this year to $8 billion by 2015. In North America, the market is expected to expand from about $287 million this year to $2.2 billion...
...government's multibillion-dollar electric-vehicle gambit is working. The company was founded at MIT in 2001 with a $100,000 Department of Energy grant. One of its early products was lithium-ion batteries for power-tool maker Black & Decker. Last year, A123 Systems got a $249 million federal grant to open at least three lithium-ion-battery plants in Michigan that will employ hundreds of workers. Michigan is home to or close to many of the plants where electric vehicles are being made, of course, and the state has a surplus of skilled workers. It's not, ahem...
...lithium-ion battery packs will help streamline the development of its electric vehicles and reduce the cost. Design experts will be brought in-house, says Nancy Gioia, Ford's director of global electrification. By developing battery packs, Gioia says, "we get the volume and scale of more than 1 million units on our battery-management systems. Our suppliers aren't in a position to do that...
...bill’s immediate effects are especially significant for young Americans. Last week, in compliance with the new law, insurance companies announced their intention to eliminate restrictions on children 18 and under with pre-existing health conditions, such as asthma. In addition, coverage for more than seven million children in low-income families who receive health-care from the Children’s Health Insurance Program will be shielded until 2019 from the fiscal pressures facing state governments...