Bubblicious used automobile costs rising sooner than bitcoin, Jim Bianco warns

Your car may be more valuable than what’s in your portfolio.

According to market researcher Jim Bianco, used car prices are rising faster than Bitcoin and other assets.

“If you want to know what’s the best investment you’ve likely had in 2021, it’s this car that’s in your driveway or garage,” the president of Bianco Research told CNBC.Trading nation“on Thursday.” It is appreciating faster than the stock market and lately faster than some cryptocurrencies. “

He bases his analysis on the Manheim used car price index, which is designed to track price developments in the market.

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“In the last four months the price has increased by more than 20%. Not only is this more than the S&P, but more than Bitcoin itself in the past four months, ”he said. “As of December 15th, the latest data we have is just accelerating. At least until now there has been no peak.”

Bitcoin is up about 5% over the past four months based on Thursday’s market close. the S&P 500 has increased by 26% so far this year.

Bianco cites two optimistic drivers in the used car market. The first are those that are falling out of new cars due to semiconductor shortages.

Read more about electric vehicles from CNBC Pro

Kelley Blue Book reports that car prices are at record highs. In November, the median price of a new car was $ 46,320 and a used car was $ 27,569, a 27% increase over the same time last year.

The second: speculators who want to turn vehicles over.

“What we see in used cars is a rush for people to buy them and a rush for people to speculate on them,” he noted. “Buy it now, it will only get more expensive.”

“Tell-Tale Signs of a Bubble”

It is clearly not your parents’ auto market.

“It has all the tell-tale signs of a bubble,” he said. “Used car prices are supposed to be a depreciation factor. They shouldn’t increase in price. But this year they have increased by 49%, let’s call it 50%.”

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Bianco suggests the shock with car price stickers reflects a bigger problem.

“That’s exactly what they have [Federal Reserve] I don’t want this to happen because that’s this self-reinforcing idea of ​​inflation, “he noted.

Last December on Trading Nation“Warned Bianco that 2021 could be the first inflationary comeback in a generation.

He believes inflation will fall in 2022, but its fall will be much slower than most people think. As for a peak in car prices, Bianco suggests it’s everyone’s guess.

“It could go on for another year. It could be two more weeks,” said Bianco. “The activity you’re seeing is likely bubbly.”

Disclaimer of liability

How rising UK Covid instances may very well be ‘a compelling argument for boosters’

Dr. Kavita Patel, former Obama White House Political Director, explained why the increasing number of Covid cases in the UK could be a compelling argument in favor of booster vaccination.

“What happened … this experiment in the real world where the effectiveness of AstraZeneca is taking off and they haven’t rolled out their boosters, “Patel said during a Tuesday night interview on CNBC “The news with Shepard Smith.” “It’s a booster argument and a pretty compelling one.”

The early introduction of vaccination in the UK started in December 2020 and was one of the first in the world. However, it is now seen as a contributor to its high fall rate as a increasing amount of data this shows that vaccinated individuals lose immunity after about six months.

The spread of the much more contagious Delta-Covid variant in spring and summer is also seen as a factor that has reduced the effectiveness of the vaccine.

In September, the UK began introducing booster vaccinations for people over 50, medical staff and anyone with previous illnesses. Those who received their second dose at least six months ago are asked to contact us first. There are currently around 6.5 million people in England eligible for a booster vaccination, with the NHS having given around 3.6 million booster injections to date. Show data.

Patel told host Shepard Smith that she is also keeping an eye on the strain of Covid, which may be helping Britain have one of the worst daily infection rates in the world.

“We’re seeing some kind of underline of the Delta tribe, something very specific that is growing in percentage in the UK … chances are it’s more communicable than Delta, making it easier, more contagious than Delta,” said Patel.

In the United States, the New York Times reported which the Food and Drug Administration is expected to clear Johnson & Johnson and Modern Booster and enable mix-and-match recordings this week.

In Britain, Rising Costs and Shortages Evoke 1970s-Fashion Jitters

For the opposition Labor Party, which struggled to attack the government despite the pandemic-inspired national solidarity, beating the Tories over the high cost of living is a simple strategy. Some analysts predict a series of humiliating reversals for Mr Johnson, starting with the potential impact of the tax hikes.

“When articles are written in conservative newspapers about a return to the seventies, it is a blinking red sign of conservative government,” said Tony Travers, professor of politics at the London School of Economics. He noted a maxim in British politics: “Opposition does not win elections; Governments lose them. “

The specter of fuel shortages appeared to be greatest on Friday. Long lines formed at some petrol stations in London while others reported that they were working normally. Priya Dela, a cashier at a busy Texaco station in West Norwood, southeast London, said her gas station may run out of fuel at the end of the day.

Ragu Thangavel, a manager at an Esso station in Brighton, said he was out of diesel by Friday morning and he expects to run out of fuel by evening. “There have been long lines since this morning,” he said, adding that he had not been told when his next delivery would arrive.

Oil giant BP said several of its gas stations had closed due to a lack of unleaded and diesel fuel. Tesco, a supermarket chain that operates gas stations, said it is temporarily closed in some areas. The problem is not the fuel supply, said Gordon Balmer, executive director of the Petrol Retailers Association, but the lack of trained truck drivers for transportation.

The challenge of finding and paying qualified drivers affects not only the fuel sector, but other sectors as well. With drivers retiring and approval replacement being delayed due to the pandemic, the labor pool has shrunk despite increased demand. That drove up wages. Tom Binks, the managing director of Peter Green Chilled, a refrigerated and frozen food transport company, said he had to increase the pay of his 60 or so drivers by 35 percent since April to keep them.

Charleston’s invoice to repair flooding is rising. Discovering the cash to pay for it’s a puzzle. | Rising Waters

The cost to fix flooding in Charleston has bloomed to some $3 billion in total, city officials say — a price tag for solutions from cleaning out plugged drainage systems to new, deep tunnels and a wall that could deflect hurricane waves from the downtown peninsula.

In 2017, The Post and Courier asked city officials how much it might cost to fix flooding in the face of a climate that is supercharging flooding rains and pushing sea levels higher. At the time, the estimate was $2 billion, including several hefty projects that were already under way. 

But now that number is rising, in large part because of an Army Corps of Engineers proposal to wall off the downtown area from the water. If the project, still in early planning stages, reaches the finish line, the city would have to pay a portion that’s estimated at around $500 million.

In the meantime, a slew of other work in other neighborhoods in the city is ongoing, chewing up the city’s fund for drainage work and sending staff on time-consuming efforts to secure federal grant funds. In all, the city plans to spend almost $58 million, including grant money, on stormwater and drainage efforts in 2021, CFO Amy Wharton said. 

These projects, Director of Stormwater Management Matt Fountain said, mostly aren’t aimed at preparing for the 2- to 3-feet of sea level rise the city expects in the next 50 years. They’re an effort to fix the severe flooding problems already existing, which have resulted, in part, from years of poor development decisions about where and how to build in the region’s low topography. 

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A car drives through water past the West Ashley Library on Windermere Boulevard on Thursday, March 5, 2020, in Charleston. File/Gavin McIntyre/Staff

In an interview with the paper, Fountain ticked off a list of 20 major water management projects somewhere in the pipeline from design to construction, including:

  • Engineered wetlands on the former sites of flooded homes in far-flung West Ashley.
  • Outfall cleaning around the city, in neighborhoods like the historic Byrnes Downs.
  • Plans to divert water around the Barberry Woods neighborhood on Johns Island.
  • New pipes and eventually pumps to evacuate water from the flood-prone King and Huger streets intersection. 

As far as work that will fend off the water of the future, “I think we just haven’t quite gotten there yet. We’re still so buried into the things that we need to fix that are currently causing problems,” Fountain said.

The one exception, he said, is the proposed seawall, which has proved controversial since its inception. The city hasn’t officially voted to move forward with it and hasn’t put together a funding plan for its share of the project. But they will have to certify to the Corps by the end of the year that the city will pay the 35 percent match of the total project cost. There will be time after that point to come up with those funding sources, said Mark Wilbert, the city’s outgoing chief of resilience, because the Corps itself will spend several months internally reviewing the wall plan.

A $1.4 billion Army Corps plan to protect Charleston from hurricane surge changes

“We’re looking under every rock,” Mayor John Tecklenburg said. “You just kind of ask for everything, and at the end of the day, see where you land.”

Ultimately, the many needs of Charleston put it in competition for state funds with communities around South Carolina, and for federal funds with many cities nationally. There are several communities in the Southeast that are also working with the Army Corps on climate adaptation plans, and who may be in contention when Congress decides who deserves funding. 

“This is something the city of Charleston and all coastal communities will be dealing with for eternity,” Wilbert said. “We will be adapting forever.”

Finding funds

Right now, Charleston cobbles together its money for flooding improvements from a variety of sources — a fee on water and sewer bills that covers smaller projects and the budget for the stormwater department, a small portion of property taxes for a dedicated drainage fund, special tax districts and a bevy of various grants. 

The tax districts in particular, usually abbreviated as TIFs, have come to a particular importance in recent years. These TIFs rely on rising property values. When they are put in place, they freeze the amount of money sent to school district, county and city coffers. If the lots inside become more valuable over time, that additional tax money is set aside in a special fund that the city can borrow against or use to pay directly for certain projects.

Take the example of a particularly successful tax district along King Street, which Wharton said has raised $123.6 million since it was established in 1998. It has helped to pay for significant portions of the deep-tunnel drainage system the city is building under the Septima P. Clark Parkway, also known as the Crosstown. When that complex project, known as Spring-Fishburne, encountered a $43 million cost overrun a few years ago, the city was able to rely on this well-performing district to cover some of the difference. 

These arrangements don’t last forever. The King Street district is set to expire in 2023, removing that as a source of future funds. They also require buy-in from schools who are essentially foregoing revenue. Charleston County School District declined entirely to participate in a much newer tax district around flood-prone Church Creek, Wharton said. That fund is devoted entirely to water management projects.

In other cases, there’s disagreement on whether to use these proceeds for drainage at all, as has happened in a special district that covers Charleston’s Eastside neighborhood. Some wanted to use the money for the upcoming Lowline park; Councilman Keith Waring prefers the money help pay for drainage fixes in the historically Black and rapidly gentrifying Eastside neighborhood.

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America Street is covered by water after several inches of rain fell on Wednesday, May 20, 2020, in Charleston. The street is one of several on Charleston’s East Side that persistently floods during intense storms. File/Grace Beahm Alford/Staff

In a meeting at the beginning of June, Waring bemoaned the fact that for years the city didn’t dedicate much money for drainage at all, and now the Eastside has needs that will probably range between $15 million and $20 million. A city consultant is studying the area now to decide exactly what projects should be done there, Fountain said.

“We’ve got a lot of good ideas sitting on the shelf,” Waring said, “but the elephant in the room is funding.”

City Council hasn’t made a final decision on how to use the money from the district that covers the Eastside. But Wharton said there may be other options if they do opt to pay for the park, like finding grants to pay for it. 

Grant funding has gone a long way in helping the city design new approaches for the Church Creek basin and Johns Island. Those federal dollars come with a cost, though. It could take months of staff time to fully prepare an application, with no guarantee they’ll be awarded.

A smaller approach

Fountain said his strategy of late has been to aim for smaller-in-scope projects that offer relief now, so residents don’t feel ignored while larger, multi-year efforts are under way.

In one case, that means working on several smaller efforts first in the drainage basin that was next projected for deep drainage tunnels: Calhoun West, which covers the southwest corner of the Charleston peninsula, one of the lowest and most flood-prone areas of the city.

The area is a wealthy one, with historic homes worth millions, and picturesque Colonial Lake, an engineered waterbody the city drains before storms to ensure it does not spill over. Charleston has already done conceptual engineering on a tunnel system there, but isn’t moving forward on the design or permits yet because of many other, smaller efforts.

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One, a single shaft tunneling down from Ehrhardt Street, will replicate a portion of the system and connect it to existing tunnels to the north. The city is also working on cleaning out historic brick-arch drains and potentially raising the sidewalk along low-lying Lockwood Drive to block high tides, Fountain said.

“We need to get those things to their next step … to kick out more project work behind them,” Fountain said. “Each thing we can do that moves water out of the basin more efficiently reduces the size and scope of the tunnel work.”

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Floodwater covers a sidewalk along Ashley Avenue in the Medical District on July 8, 2021, following the passage of Tropical Storm Elsa. This section of downtown Charleston, home to three major medical institutions, had flooded for decades. File/Lauren Petracca/Staff

The Corps’ wall proposal would also affect where and how the city would build Calhoun West’s deep tunnels and a pump to drain them. 

Just the Ehrhardt Street shaft alone costs north of $10 million, and the money wasn’t easy to find. Officials for the three large medical providers in the hospital district and Tecklenburg lobbied state government officials for years before funding was included in a round of Housing and Urban Development money the state started to parcel out earlier in 2021

In the past, the city relied on large-scale projects like Spring-Fishburne, the more expansive tunnel system north of the area where Calhoun West would be installed. But Spring-Fishburne encountered significant delays in its construction timeline, in part because it was difficult to secure funding in the first place. Fountain said he doesn’t want to leave people waiting for years without smaller relief.

He also urged that the deep-tunnel design will have to fit with other projects in the basin that are being designed or built now. 

Councilman Mike Seekings, who represents that part of the city, said the Calhoun West tunnel project is still an essential one. With spring thunderstorms this year dumping water that piled 2- or 3-feet deep in that zone, “It’s an unsustainable quality of life and public safety model we have to remedy,” he said. 

The problem, Seekings said, is that the city needs to more clearly define what projects to do, and in what order. Fountain said the city does have a rubric developed by consultant AECOM to prioritize projects based on economic benefits, environmental impacts, social needs and future maintenance costs, but the stormwater department hasn’t finished scoring all the proposed projects yet.

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The city is gradually replacing its 19th century brick arches with a modern network of deep drainage tunnels, such as this one. Ralfael Reveles drives a train through the Spring-Fishburne drainage tunnels on Friday, Feb. 8, 2019, in Charleston. File/ Andrew J. Whitaker/Staff

Local share

The seawall project, if the city decides to pursue it, would be covered 35 percent by Charleston and 65 percent by a federal appropriation for the Corps. The most recent estimate pegs the total cost at some $1.4 billion.

That projection is likely to change, and might have to if the project is ever to get federal funding. Right now, its ratio of benefits to costs, as counted by the Corps, is 2.2. In other words, every dollar invested has a $2.20 value in avoided damage. Federal reviewers usually favor projects with a ratio of 2.5 or higher for funding, a Corps spokeswoman said.

If it does move forward, the project is a pay-as-you-go affair: money would only be due as the design or construction happens. Project leaders have already said the wall construction would happen in four phases.

“That (local) price tag is not something that’s due next year or in five years. It could, in fact, be due over 20 years,” said Dale Morris, a longtime flooding consultant to the city who is becoming its next chief resilience officer in the fall. 

City officials have said the state has a role to play in funding this because of Charleston’s economic impact on the rest of the state. But if the much smaller $10 million bill for the Medical District’s Ehrhardt shaft is any indication, it could be hard to make that argument. An earlier attempt to include that line item in the state’s 2020 budget failed.

Dana Beach, a founder of the Coastal Conservation League who has since retired from that environmental advocacy group, worried whether the city’s political leadership would really be able to convince lawmakers to put up the money. 

It’s not as if legislators are unwilling to pay for large construction projects in the region; the State Ports Authority, Beach argued, secured a vote in favor of borrowing $550 million for an expanded rail yard and barges in the Charleston Harbor

But in Charleston, “We just have this hope that the Corps of Engineers will do something, will put the money in, and we’ll somehow come up with the 35 percent match,” Beach said. “Hope is not a strategy.”

SC's new resilience office tackles question of how to avoid damages from strengthening storms

Tecklenburg said he’s already talking to state and federal officials about how to fund the city’s share.

“You’re not going to find one funding source that’s going to pay for a big project,” he said. At the state level, “I think we can be successful getting a piece at a time, but maybe not get the whole enchilada like the Ports Authority has.”

The first pieces of a potential strategy could come in the next few months. An advisory group reviewing the wall plan is also focusing on possible funding ideas, Wilbert said, as is the city itself. More special tax districts or fees could be part of the picture, he said. The state has also set aside almost $50 million for flood projects, distributed by a new Office of Resilience, but communities around the state will compete for that low-cost loan fund.

Morris was optimistic. He pointed to the federal American Rescue Plan funds that are coming to South Carolina, $2.5 billion in all, which can be used for infrastructure projects. Additional funding through HUD, he said, will also help cities and towns pay for projects to fix flooding before disasters instead of after — a longtime blind spot in federal funding. 

“It’s more positive right now for federal resources to support communities than I’ve seen for a long time,” Morris said.

That may be limited help in the case of the wall project; if Congress funds the Corps’ share, the city generally can’t use federal funds to pay for its own portion without special permission, a Corps spokeswoman said. 

But first, the city will have to decide this fall if it actually wants to move forward with a wall at all. 

Editorial: Broaden approach to Charleston's peninsula wall project to get it right

Do not Waste Your Cash: Rising Resort Charges

Are you planning a summer trip? As demand increases, hotels raise prices. And in some cases this price increase can be done after booking.

Latisha Walker found a great deal on a Miami Beach hotel through agoda.com, just $ 411 for a three-night girls vacation. “It was booked. It was paid for. I got a confirmation number, ”said Walker.

Don’t Waste Your Money: Amazon Sidewalk

But when they got to Miami, Latisha got bad news. The hotel had canceled your reservation. “You said it was done by a third party. They said we canceled with that third party in January, “Walker said.

A hotel worker said the low price was a mistake as it was the spring break. “They said they canceled with them because prices were too cheap at the time because it was spring break,” Walker said.

Don’t waste your money: avoid furniture delays

Worst of all, Latisha says she didn’t know the price was going up until she got to the hotel. In the end, they had to pay three times the price for the same hotel. “$ 1,939.14,” said Walker.

Hotels across the country are raising prices back to pre-pandemic levels this year, according to CNBC. Travel experts say to protect yourself. Avoid making reservations with the words “Prices subject to change”. Save a copy of the voucher on your phone. And if you pay up front that’s a contract so make sure they keep it.

Don’t Waste Your Money: Fake Amazon Reviews

We contacted Agoda, a Singapore-based third-party travel website, and asked if they could refund at least part of what Latisha paid for the next room. Latisha says she’s booking the next woman’s getaway right at the hotel.

Rising airfares and lodge charges are making holidays dearer

Passengers wearing face masks as a preventive measure against the spread of Covid-19 are seen on an escalator at Orlando International Airport.

Paul Hennessy | LightRocket | Getty Images

The number of people returning is increasing. So are the prices.

Airfares and hotel prices rise as the highest number of travelers return, hit beaches, mountains, and visit friends and family after being cooped up for a year since the pandemic began, in the highest numbers.

Even the cost of a road trip is rising as gasoline prices hit their highest level since 2014.

Most of the rock bottom prices seen in the depths of the pandemic were in the rearview mirror in early spring. Now airlines and hotels are preparing for a busy summer, and a surge in bookings is driving prices even higher. On top of that, airlines don’t fly as much as they did before the pandemic, so travelers can expect full flights.

US domestic tariffs are up 9% since April 1, while international tariffs are up 17%, according to a study by Bernstein published this week. And the tariffs continue to rise.

“For domestic travel, the June line is closer to prepandemic levels than it was last year,” the report said.

Southwest Airlines This week leisure prices have approached 2019 levels.

Many travelers, like Diana Desierto, are eager to visit friends and family they haven’t seen in months.

The 40-year-old speech pathologist who lives in Baltimore hasn’t seen her parents, sister, brother-in-law, and nephews in Oakland, California, or her brother, sister-in-law, and a niece and nephew in Seattle since Christmas 2019.

“I have a 12-year-old nephew who had a crazy growth spurt,” she said. “The last time I saw him he was little. And [now] his voice is low. “

Desierto paid $ 344 for a one-way trip to Seattle and a connecting flight to Oakland in July. She used southwest frequent flyer miles to travel home. She said the tariff going west was roughly the same as the prices she had been used to for years, although she briefly thought that “maybe no one is flying and it would be cheaper”.

Another contribution to the increase in tariffs is that the airlines are reintroducing the strict rules for their more inflexible and cheapest tariffs, which are known as the basic economy, according to Samuel Engel, head of aviation practice at consulting firm ICF. Airline executives hope travelers will avoid such fares and buy standard bus tickets, which are more expensive.

Airlines lifted the rules of the pandemic to bring much-needed travelers on board as airlines suffered record losses.

“To loosen up the rules in basic economics, I’m basically giving you a $ 30 to $ 50 discount,” Engel said. “The purpose of Basic is not to sell Basic Economy, but to get you in the door and make it clear to you that you don’t want it.”

Another thing that drives up the cost of a trip is that more and more attractions like theme parks are reopening. Covid-era capacity restrictions and even masking guidelines (except during air, train and bus travel) will also be lifted.

Destinations that had less to offer than normal for about a year. Airline executives say beach, mountain, and other outdoor destinations have been and continue to be popular with travelers.

The price of a hotel in some popular travel destinations is even higher than it was before the pandemic.

Hotel prices in Cancun, Mexico were around $ 205 a night in early May, according to hotel data provider STR. That’s up from just $ 45 a year ago and $ 160 in 2019. Hawaii was about $ 269, down from $ 122 last year and $ 263 last year.

But with more reopening, other cities are recovering. Hotel prices in Orlando were $ 107 per night in early May, up from $ 62 a year earlier, but still below $ 133 in 2019.

Even New York City, which plans to reopen Broadway theaters in September and now has indoor dining, is recovering. At $ 123 a night last year, rooms jumped to $ 151 in early May – still well below the $ 269 nightly rate in 2019. STR estimates room rates in New York City will rise to an average of $ 163 per night from June through August.

Prices and hotel rates are still largely below 2019 levels as business travel and most international travel are largely absent. This will keep prices under control in the future as well.

Some travelers have other concerns besides price: crowds.

Tom Snitzer, 64, a retired real estate developer and currently a professional wildlife photographer from the Chicago suburb of Arlington Heights, said he recently flew to Atlanta to graduate his son’s medical school.

He said it took 40 minutes to reach airport security. The Transportation Security Administration is working hard to hire more screeners ahead of the busy summer travel season.

“Everyone is wrapped up like sardines,” he said.

Snitzer said his travel plans are flexible, but he plans to avoid major tourist attractions, including popular national parks.

“Everyone in the world has been cooped up,” he said. “The biggest trick is to avoid everyone else and find places off the grid so we don’t get trampled by tourists.”

– CNBCs Nate Rattner contributed to this story.

Covid circumstances are rising, hospitalizations have plateaued at the same time as vaccinations rise

Paramedic Lenny Fernandez, medical assistant Rodnay Moore, and paramedic certified Calvin Davis (left to right) prepare doses of the Pfizer COVID vaccine as the City of Vernon Health Department workers open the new clinic for the city’s mobile health unit for delivery Vaccinations used by COVID-19 against nearly 250 food processing workers at Rose & Shore, Inc. March 17, 2021 in Vernon, CA.

Al Seib | Los Angeles Times | Getty Images

Covid-19 cases are on the rise and hospital admissions in the US have increased despite the country setting a new record for coronavirus vaccine doses given in one day on Saturday.

The US had a 7-day average of 61,359 new Covid-19 cases per day on Friday, a 12% increase from last week. This comes from a CNBC analysis of the data from Johns Hopkins University.

Coronavirus daily hospital admissions steadily decreased from January to February, but now hospital admissions are on the decline. The country recorded an average of 7,790 Covid-19 hospital admissions in seven days on Thursday, up 2.6% from a week earlier, according to the Centers for Disease Control and Prevention Data.

“I remain deeply concerned about this development,” said CDC Director Dr. Rochelle Walensky during a press conference at the White House on Friday. “We have seen cases and hospital admissions that have gone from historical declines to stagnations and increases. We know from previous waves that the epidemic curve has real potential to rise again if we don’t control things now.”

The rising cases and stagnant hospital stays occur as more and more Americans are vaccinated. More than 3.4 million doses of the Covid-19 vaccine were given on Saturday, according to data Tallies recorded by the CDC. Saturday’s total broke the previous record for the most Covid-19 vaccine shots given on a day set on Friday, with 3.37 million doses reported.

The rate of vaccination is increasing rapidly with an average of seven days on Saturday of more than 2.6 million daily shots. More than 140 million Covid vaccine doses have been administered in the US since Saturday CDC.

president Joe Biden a new goal set by the administration on Thursday 200 million Coronavirus vaccine shots in his first 100 days in office.

The urge for increased vaccinations is highly contagious and possibly more deadly variants Dr. Anthony Fauci, chief medical officer for the United States White House, said on March 19 that the coronavirus variant first identified in the UK is likely to be responsible for the virus 30% of Covid infections in the US

New strains are of particular concern to public health officials as they could become more resistant to antibody treatments and vaccines. Still World health organization In February, Covid-19 vaccines said they had been shown to be effective in preventing serious illness and death in those infected.

Covid-related deaths in the US have decreased. According to a CNBC analysis of the Johns Hopkins data, the US recorded a seven-day average on Friday with 992 new coronavirus-related deaths per day, a 14% decrease from the previous week.

electrical vehicles face rising battery lithium nickel cobalt prices

A GM employee poses with an example of the company’s next generation lithium metal batteries at the GM Chemical and Materials Systems Lab in Warren, Michigan on September 9, 2020.

Steve Fecht | General Motors | Handout | via Reuters

BEIJING – Growing demand for electric car batteries will drive up prices for key materials, Goldman Sachs analysts said in a March 18 release.

This, in turn, will increase battery prices by about 18%, which will affect the overall bottom line of electric car manufacturers, as the battery accounts for about 20% to 40% of vehicle costs, according to Goldman analysts.

While the report did not set specific price targets for the commodities, the analyst model forecast that a return to historical highs would more than double lithium costs for electric battery manufacturers. That of cobalt would also double, while the cost of nickel would increase by 60%.

A new type of battery

The limited availability of nickel, which is suitable for car batteries, could even accelerate the switch to a different type of battery called lithium iron phosphate (LFP), the report said. Tesla and Chinese start-up Xpeng are among the automakers already using this type of battery that doesn’t use nickel or cobalt but stores relatively less energy.

If nickel prices hit their all-time high of $ 50,000 per tonne, it could add $ 1,250 to $ 1,500 per electric vehicle, which could hurt consumer demand for cars, analysts said.

Ultimately, the growth of the electric car industry and the demand for battery materials depends on how many vehicles people buy. The tipping point for consumers to switch from gas-powered vehicles to electric cars is generally expected when battery costs are down enough.

That shift could take place in the next decade. Goldman predicts that battery costs will fall below internal combustion engines in 2030.

Large sports-entertainment mission, Phoenix Rising soccer stadium, resort growth to spice up Wild Horse Move

Ein 11-stöckiger Turm erhebt sich im Wild Horse Pass Hotel. Das erweiterte Hotel, ein neues Stadion für die Fußballmannschaft von Phoenix Rising und eine riesige Sport- und Unterhaltungsentwicklung von 300 Hektar werden neue Einnahmequellen für die Gila River Indian Community und Arbeitsplätze für GRIC und das nahe gelegene West Chandler and Tempe schaffen. –Wrangler News Foto von Lee Shappell

West Chandler und Tempe stehen vor einem großen Zustrom von Sport-, Unterhaltungs- und Erholungsmöglichkeiten sowie Beschäftigungsmöglichkeiten mit der Ankündigung massiver Projekte, die eine Miniaturstadt am Wild Horse Pass am Gila River Indianerreservat schaffen werden.

Kommen Sie zum Wild Horse Pass, südwestlich des Autobahnkreuzes Interstate 10 / Loop 202 in West Chandler:

  • Ein 11-stöckiger zweiter Hotelturm im Wild Horse Pass Hotel, der die Kapazität auf 447 Zimmer fast verdoppelt.
  • Eine 300 Hektar große kommerzielle Kleinstadtentwicklung, die von einem Veranstaltungszentrum und einem Konzertamphitheater geleitet wird und über ein Jahrzehnt hinaus eingeführt wird. Der Plan umfasst fünf weitere Hotels, einen Themenpark, einen Wasserpark, einen Timesharing-Komplex, einen dritten Golfplatz, ein stark erweitertes Reitzentrum, Villen, Einzelhandels- und Büroflächen.
  • Die Interstate 10 wird auf vier Fahrspuren erweitert, plus eine Fahrspur für Fahrzeuge mit hoher Belegung in jede Richtung von der Interstate 17 in der Nähe der Innenstadt von Phoenix bis zur Schleife 202 vor der Haustür des Wild Horse Pass. Eine Studie hat auch begonnen, die Autobahn auf drei Fahrspuren nach Süden zur State Route 387 in Casa Grande zu erweitern, der letzten 26-Meilen-Strecke der zweispurigen Autobahn zwischen Phoenix und Tucson, um den Zugang zum Wild Horse Pass von zentral und südlich zu erleichtern Arizona. Dies geschieht etwas mehr als ein Jahr nach der Eröffnung des Loop 202-Segments, das die I-10 in West Chandler mit der I-10 in West Phoenix verbindet, wodurch die Fahrt für die Bewohner des West Valley schneller und einfacher wird.
  • Und eine Fußballmannschaft von Meisterschaftskaliber in einem neuen Stadion mit 10.000 Sitzplätzen, als der Phoenix Rising Football Club im März in das Reservat umzieht.

Eine Darstellung des umgebauten Wild Horse Pass Casino.

Die Projekte werden der Gila River Indian Community neue Einnahmequellen bieten und in den nächsten 10 Jahren Tausende von Arbeitsplätzen beim Aufbau schaffen.

“Der neue Entwicklungsplan wird außergewöhnliche Unterhaltungs- und Lifestyle-Erlebnisse schaffen, neue Arbeitsplätze für Community-Mitglieder schaffen und unsere Kultur und unser Erbe weiterentwickeln”, sagte David White, General Manager der Wild Horse Pass Development Authority.

Eine Darstellung des Fußballstadions mit 10.000 Sitzplätzen des Phoenix Rising FC, das auf allen vier Seiten erweitert werden kann, und des Trainingskomplexes am Wild Horse Pass.

Die neue Entwicklung wird ein bereits lebhaftes Wild Horse Pass-Gebiet bereichern, das zwei High-End-Resorthotels umfasst – das Gila River Hotel & Casino und das Sheraton Grand am Wild Horse Pass, das Aji Spa, das Einkaufszentrum Phoenix Premium Outlets, den Wild Horse Pass Motorsports Park und den See. Bondurant Hochleistungsfahrschule, Rawhide Western Town & Event Center, Whirlwind Golf Club, Huhugam Heritage Center und KOLI Equestrian Center.

Das Ziel beim Ausbau ist es, den Wild Horse Pass zum wichtigsten Ziel für Sport, Unterhaltung und Erholung in Arizona zu machen.

Stadion, Trainingskomplex für Phoenix Rising

Pünktlich zur Eröffnung der United Soccer League am 1. Mai wird für den Phoenix Rising Football Club ein Stadion mit 10.000 Sitzplätzen und großem zweiseitigem Videoboard am Wild Horse Pass bereitstehen. –Phoenix Rising FC-Rendering

Der Fußballkomplex wird der erste sein, der im März pünktlich zum Training in der Vorsaison von Phoenix Rising FC und zur Eröffnung der United Soccer League am 1. Mai eröffnet wird.

Der Club spielte in den letzten vier Jahren im Casino Arizona Field mit 6.200 Sitzplätzen nordöstlich des Autobahnkreuzes Loop 101 / Loop 202 in der Nähe von Scottsdale. Das Team war vor COVID-19 23 Spiele in Folge ausverkauft und baute auf den Tribünen eine lautstarke, treue Fangemeinde und ein erfolgreiches Produkt auf dem Feld auf. The Rising erreichte das USL-Meisterschaftsspiel 2020, aber die Pandemie erzwang die Absage des Spiels.

Die Anlage war nicht fanfreundlich.

Die Rising und die Gila River Indian Community werden sich die Kosten für das noch nicht genannte Stadion mit 10.000 Sitzplätzen teilen, das erweiterbar ist und den Plan des Clubs beschleunigen könnte, sich zu einem Major League Soccer-Franchise zu entwickeln. Die Teambeamten sagten, sie würden versuchen, MLS-Vorsaison-Spiele für das neue Stadion zu gewinnen.

Spieler und Mitarbeiter des Front Office von Phoenix Rising FC erhalten einen ersten Einblick in die Übungsfelder in ihrer neuen Trainingsanlage am Wild Horse Pass. –Phoenix Rising FC Foto

“Diese Partnerschaft mit der Gila River Indian Community ermöglichte es uns, unsere Kapazitäten schnell zu erweitern, unser Fanerlebnis zu verbessern, was für unsere Organisation äußerst wichtig ist, und langfristig aufregende Dinge zu ermöglichen”, sagte Bobby Dulle, General Manager von Rising. „Also hat es viele Kästchen für uns überprüft. Wir hatten großartige vier Jahre, in denen wir waren, aber dies ist nur eine Gelegenheit für uns, die sehr viel Sinn machte. “

Die Übungsfelder sind fertig. Die Arbeiten am Stadion schreiten voran.

“Alles passiert gerade in und um die Anlage in einem unglaublichen Tempo”, sagte Dulle.

Fans werden mehrere Verbesserungen gegenüber der vorherigen Einrichtung des Risings bemerken, darunter einen schnelleren Ein- und Ausstieg mit mehr Zugangspunkten, asphaltierten Straßen und Parkplätzen, eine große zweiseitige Videotafel, verbesserte VIP-Luxusbestuhlung und einen neuen familienfreundlichen Bereich für den allgemeinen Eintritt gegenüber dem lebhafte Los Bandidos- und Red Fury-Fangruppen, größerer Pressekasten, verbessertes Soundsystem, neue Umkleideräume und permanente Toiletten mit Sanitäranlagen.

“Wir haben Porta Johns benutzt”, sagte Dulle. „Unsere Fans, unsere Partner und unsere Premium-Gäste werden alle von ihrer Erfahrung in diesem Jahr begeistert sein. Einige Premium-Sitzplätze werden geschlossen und klimatisiert, andere im Freien. Was wir gefunden haben, und das ist eine einzigartige Sache beim Fußball, sind die Fans, die stehen und singen und singen, wenn wir Tore schießen und auf ihre Trommeln schlagen. Das ist der Klang von Fußball. Die Menschen bevorzugen es, draußen zu sein und die Energie der Menge und der Umgebung zu spüren, und es ist eine fantastische Erfahrung. Wir werden 10.000 Zuschauer haben, aber wir werden immer noch ein intimes Gefühl haben und das motiviert unsere Spieler. “

Der 2. Turm im Wild Horse Pass Hotel wird diesen Herbst eröffnet

Ein zweiter 11-stöckiger Turm (rechts), der das Inventar der Zimmer im Wild Horse Pass Hotel & Casino fast verdoppelt, soll diesen Herbst eröffnet werden. –Wild Horse Pass Hotel & Casino-Renderings

Bei der ersten Erweiterung des Wild Horse Pass Hotel & Casino seit seiner Eröffnung im Jahr 2009 am 5040 Wild Horse Pass Blvd. ist der Aufbau eines 11-stöckigen zweiten Turms nahezu abgeschlossen.

Es werden 205 Gästezimmer hinzugefügt, darunter 37 Suiten – zwei davon 1.500 Quadratmeter große Platinum-Suiten – und der Lagerbestand des Hotels auf 447 Zimmer erhöht. Der neue Turm wird über ein Restaurant auf dem Dach verfügen, das einen Speisesaal mit Blick auf den Sonnenuntergang über den Estrella-Bergen bietet. Eine Bar und eine Lounge befinden sich im zweiten Stock.

Eine Darstellung der Lobby des neuen Turms im Wild Horse Pass Hotel & Casino.

Zwei neue Swimmingpools, darunter ein Erwachsenenpool für Gäste ab 21 Jahren und der Oasis-Pool mit Whirlpools, Cabanas sowie einer Bar und einem Grill, sind im 143-Millionen-Dollar-Projekt enthalten.

“Diese Erweiterung unterstützt unsere Vision, Wild Horse Pass, GRIC und dem Großraum Phoenix zusätzliche wirtschaftliche Entwicklungsmöglichkeiten zu bieten”, sagte Donald Antone, Vorsitzender des Board of Directors der Wild Horse Pass Development Authority.

Eine Darstellung des Innenraums des neuen Turms im Wild Horse Pass Hotel.

Das Casino und das Kongresszentrum werden ebenfalls verbessert. Neue Farben, neue Teppiche, neue Beleuchtung und ein 80 mal 12 Fuß großer LED-Bildschirm sind Teil des Casino-Upgrades. Das Kongresszentrum erhält zusätzliche 18.000 Quadratmeter im Innenbereich und zusätzliche 4.000 Quadratmeter im Freien.

“Diese Erweiterung ist eine bedeutende Investition in die Gila River Indian Community und ein Symbol für ein neues Kapitel in unserer Geschichte”, sagte Kenneth Manuel, CEO von Gila River Hotels & Casinos. “Es spiegelt unser Engagement wider, durch verbesserte Erfahrungen und Annehmlichkeiten führend in der Spiele- und Gastgewerbebranche zu sein, und wir freuen uns darauf, die Kultur unserer Gemeinde im Expansionsprojekt weiterhin zu vertreten.”

Massive Entwicklung entlang der I-10, Schleife 202

In den nächsten 10 Jahren soll am Wild Horse Pass eine 300 Hektar große Ministadt mit Schwerpunkt auf Sport, Unterhaltung und Erholung errichtet werden. –Wild Horse Pass Development Authority-Grafik

In diesem Monat hat die Wild Horse Pass Development Authority Sunbelt Holdings mit Sitz in Scottsdale ausgewählt, um die kommerzielle Entwicklung von 3.300 Acres am Wild Horse Pass südlich und westlich des Hotels, Casinos und Outlet-Centers entlang der I-10 und der Loop 202 zu leiten.

“Wir sind dankbar, ausgewählt worden zu sein, um zu einem entscheidenden Zeitpunkt für die Entwicklung eine Partnerschaft mit der Wild Horse Pass Development Authority und der Gila River Indian Community einzugehen”, sagte John Graham, Vorsitzender und CEO von Sunbelt Holdings. “Wir setzen uns dafür ein, das Erbe und die Kultur der Gemeinschaft zu würdigen und ein Ortsgefühl zu schaffen, das den Weg für die Zukunft ebnet.”

Zu Sunbelt’s Immobilienentwicklungsportfolio im Tal gehören Marina Heights am Tempe Town Lake und der Forschungspark der Arizona State University in South Tempe.

Der Umfang dieses Projekts geht über diese beiden Entwicklungen hinaus.

Der Wild Horse Pass-Masterplan wurde vom Projektteam von CallisonRTKL, Kimley Horn und Elliott D. Pollack & Company entwickelt.

Sunbelt Holdings wird die vom Master geplanten Entwicklungsbemühungen leiten und Asset Management-, Baumanagement- und Marketingdienstleistungen für den Masterplan erbringen.

“Die nachgewiesene Expertise und der Ruf von Sunbelt Holdings bei der Entwicklung von Masterplänen, ihr Blue-Ribbon-Portfolio und ihre tief verwurzelten Community-Verbindungen haben sie zum idealen Partner für dieses Expansionsprojekt gemacht”, sagte White, der General Manager von WHPDA.

Zwei I-10-Erweiterungsprojekte stehen an

Das dreijährige I-10 Broadway Curve-Projekt, mit dem die Autobahn auf vier Fahrspuren sowie eine HOV-Fahrspur von der Innenstadt von Phoenix zum Wild Horse Pass erweitert wird, beginnt in diesem Sommer. –ADOT-Grafik

Gerade als die Fertigstellung von Loop 202 den Zugang zum Wild Horse Pass vom West Valley aus eröffnete, dauerte die dreijährige Laufzeit I-10 Broadway-Kurvenprojekt, das diesen Sommer von der Interstate 17 in der Nähe der Innenstadt von Phoenix nach Süden bis zur Schleife 202 beginnen soll, wird den Zugang vom Stadtzentrum und vom North Valley aus verbessern.

Das Projekt wird eine zusätzliche Fahrspur in jede Richtung und einen neuen Verkehrsknotenpunkt an der State Route 143 hinzufügen, um die Verbindung zum internationalen Flughafen Phoenix Sky Harbor zu verbessern.

Die Erweiterung der I-10 nach Süden bis zur Casa Grande wird noch weiter fortgeschritten sein, aber das Verkehrsministerium von Arizona hat in Zusammenarbeit mit der Gila River Indian Community, dem Bureau of Indian Affairs, der Federal Highway Administration und der Maricopa Association of Governments eine Studie begonnen ein Ziel der Reduzierung von Verkehrsstaus auf der Autobahn an der Ausfahrt Wild Horse Pass.

Die Studie zum I-10 Wild Horse Pass Corridor enthält einen Blick auf die Verbreiterung der Autobahn auf drei Fahrspuren bis zur Casa Grande. –ADOT-Grafik

Diese Studie beinhaltet, ob die Fahrspur für Fahrzeuge mit hoher Belegung auf der I-10 südlich von Loop 202 bis zum Autobahnkreuz Riggs Road erweitert werden soll, sowie Verbesserungsmöglichkeiten für bestehende Abzweigungen und Straßen, die die I-10 entlang dieses Korridors überqueren.

Die Städte Casa Grande, Coolidge und Florence im Pinal County wachsen rasant.

Fußball ist besonders in Tucson und Casa Grande beliebt.

Die I-10-Brücken über den Fluss Gila sind Teil eines separaten Projekts.

Aktualisierungen finden Sie auf der Website der Studie. i10Wild Horsepasscorridor.com.

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