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...July 14, Goldman Sachs posted second-quarter profits of $3.44 billion, more than the company made in all of 2008 and about on par with the precrisis gilded age, while announcing that it had set aside $11.4 billion this year to compensate workers, or $386,489 per employee. The huge profits were hailed on Wall Street as another sign that the crisis might be ending. On July 15, the Dow Jones industrial average jumped 3.1%, and other banking giants are expected to issue their own similarly glowing reports. On July 16, JPMorgan announced that it had earned $2.7 billion...
While EV owners can charge the cars by plugging them into a regular 110-volt outlet, the "slow charge" can take up to eight hours and may jack up an electric bill the equivalent of 2 kilowatts per month. Most e-car owners will eventually want to plug in their faster, highway-approved EVs into new rapid-charging, 220-volt garage chargers. But that requires another step: finding a certified electrician and several thousand more dollars to install the add-on feature to the home or garage...
...complicate matters more, an influx of 220-volt chargers on one block, even just two or three per a typical circuit (10 to 12 homes), could overwhelm the system, according to Craver. (See the 50 worst cars of all time...
...Plug-in vehicles draw the equivalent of another house; the system can handle one per circuit, but two or three chargers on the same circuit could cause problems," he says. "Too much of a load could end up causing neighborhood outages...
...fighting pitched battles with paramilitaries on Tehran's streets, Iranian oil officials flew to Beijing to negotiate a $5 billion deal with CNPC for the newest phase of Iran's huge South Pars gas field in the Persian Gulf. Pummeled by the drop in world oil prices from $147 per bbl. last July to about $64 per bbl. this week, "Iranians are feeling more and more of an acute need for capital," Downs says...