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How impatience guides financial behavior

Imagine you are receiving a refund payment from the federal government. Are you going to spend it right away or save the money? Is that decision based on your short-term finances? Or does it hinge on whether you identify yourself as a “spender” or a “saver” more generally? A new study by an MIT economist sheds more light on the quirks of people's actions in such cases and suggests that, in addition to immediate financial needs, persistent behavioral characteristics play a key role in even short-term pocketbook …

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Faster big-data analysis

We live in the age of big data, but most of that data is “sparse.” Imagine, for instance, a massive table that mapped all of Amazon's customers against all of its products, with a “1” for each product a given customer bought and a “0” otherwise. The table would be mostly zeroes. With sparse data, analytic algorithms end up doing a lot of addition and multiplication by zero, which is wasted computation. Programmers get around this by writing custom code to avoid zero entries, but that code is complex, and it generally …

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MIT-Haiti, Google team up to boost education in Kreyòl

In recent years, MIT scholars have helped develop a whole lexicon of science and math terms for use in Haiti's Kreyòl language. Now a collaboration with Google is making those terms readily available to anyone — an important step in the expansion of Haitian Kreyòl for education purposes. The new project, centered around the MIT-Haiti Initiative, has been launched as part of an enhancement to the Google Translate program. Now anyone …

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China’s huge EV sales rules, Tesla vs Germans, Pacifica Hybrid monster, diesels down: Today’s Car News

Today, China changes the world, a monster markets a minivan, AM radio may vanish, diesels drop for 2018, and we cast a sceptical eye on Tesla's chances of destroying all German luxury brands. All this and more on Green Car Reports. The biggest news of the week, and very possibly the year, is the release of China's aggressive new electric-car...

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DONG Energy Receives Regulatory Approval To Divest Oil & Gas Business To INEOS

Following May's announcement by DONG Energy that it intended to divest its upstream oil & gas business, the company has this week revealed that it has received regulatory approval to proceed with the $1 billion divestment transaction to London-based chemicals company INEOS. DONG Energy Receives Regulatory Approval To Divest Oil & Gas Business To INEOS was …

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Will Tesla steamroller German luxury makers? Perhaps not

It has become an article of faith among some Tesla fans and owners that the company will inevitably rise to compete with and ultimately defeat the titans of the global auto industry. This belief is especially prevalent for the luxury sector, where three German carmakers dominate the global market for pricey and admired vehicles of all sorts. About...

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For 2018, only 12 diesel vehicles offered in U.S. (guess who has most)

With the permanent end of diesel sales in the U.S. by three VW Group brands—Volkswagen, Audi, and Porsche—the number of diesel passenger cars and light trucks has plummeted. In fact, for the 2018 model year thus far, there are only 11. One of the two companies offering the largest number of them may come as a surprise, too. That number...

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European Union Approves €222 Million Investment In Clean Energy Transition

The European Commission has this week approved a €222 million investment package from the European Union budget to support the region's clean energy transition, which will aim to deliver a total of €379 million in funding for 139 new projects across 20 Member States. European Union Approves €222 Million Investment In Clean Energy Transition was originally published on …

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Chrysler Pacifica Hybrid gets ad support from Sesame Street characters

The 2018 Chrysler Pacifica Hybrid is a one-of-a-kind vehicle, the sole plug-in hybrid minivan offered for sale in North America. Its early months were plagued by a powertrain recall for a potentially faulty diode within the power inverter module. Now, the Pacifica Hybrid is back on sale in its second model year, and the minivan with 33 miles of...

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A concrete solution

Cement materials, including cement paste, mortar, and concrete, are the most widely manufactured materials in the world. Their carbon footprint is similarly hefty: The processes involved in making cement contribute almost 6 percent of global carbon emissions. The demand for these materials is unlikely to decline any time soon. In the United States, the majority of concrete bridges, buildings, and pavement-lined streets, erected in the 1960s and 1970s, were designed in an era with fewer environmental stresses to …

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UK Renewables Account For Record 30% Of Second Quarter Electricity Generation

New official statistics from the UK Government have shown that the country's renewable energy sector generated nearly 30% of the country's electricity in the second quarter, with wind energy producing more electricity than any other clean energy source. UK Renewables Account For Record 30% Of Second Quarter Electricity Generation was originally published on

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China electric-car rules to start in 2019; aggressive totals are world’s highest

You may not have heard it happen, but the global automotive industry changed forever on Thursday. China released its plan to require substantial sales of plug-in electric cars by all makers who want to sell in the world's largest car market, and they start in little more than a year. The levels far exceed those required by California, whose...

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First open-access data from large collider confirm subatomic particle patterns

In November of 2014, in a first, unexpected move for the field of particle physics, the Compact Muon Solenoid (CMS) experiment — one of the main detectors in the world's largest particle accelerator, the Large Hadron Collider — released to the public an immense amount of data, through a website called the CERN Open Data Portal. The data, recorded and processed throughout the year 2010, amounted to about 29 terabytes of information, yielded from 300 million individual collisions of high-energy protons within the CMS …

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Could California Join China in Banning Gas Guzzlers?

After China announced plans to ban new diesel and gasoline-powered cars, California Gov. Jerry Brown is said to be considering the same option, according to Bloomberg. “I've gotten messages from the governor asking, ‘Why haven't we done something already?'” Mary Nichols, chairwoman of the California Air Resources Board, told the publication. “The governor has certainly indicated an interest in why […] The post Could California Join China in Banning Gas Guzzlers? appeared first on The Energy Collective. Click headline …

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Residential Electricity Prices Up 3% in First Half of 2017

Retail electricity rates paid by U.S. residential customers averaged 12.8 cents per kilowatthour (kWh) during the first six months of 2017, an increase of about 3% compared to the same period in 2016. First half of 2017 average electricity prices are higher than last year in most areas of the country, with only six states […] The post Residential Electricity Prices Up 3% in First Half of 2017 appeared first on The Energy Collective. Click headline for full article

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The Shifting Solar Incentive Landscape

As the solar industry continues to grow and become cost-competitive with traditional fuel sources, how states think about incentivizing the technology has also evolved. Ten years ago, renewable portfolio standards accompanied by solar renewable energy credit (SREC) markets were a primary mechanism to grow a nascent solar industry, at least on the East Coast. In […] The post The Shifting Solar Incentive Landscape appeared first on The Energy Collective. Click headline for full article

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The Power of Energy Data in Illinois and Beyond

The U.S. electricity industry is experiencing unprecedented innovation and change. The grid is getting smarter and customers can play a more active role in how their electricity is made, moved, and used. Between all the initiatives that utilities, cities, and states are pursuing and the new services and products that entrepreneurs are creating, it can […] The post The Power of Energy Data in Illinois and Beyond appeared first on The Energy Collective. Click headline for full article

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Making Case for Nuclear Power in the New Book ‘Seeing the Light’

Nuclear power is not merely an energy option for the future, geoscientist Scott L. Montgomery writes in his new book, it is a life-saving and essential way for the world to provide energy and avoid “carbon and climate failure.” In “Seeing the Light: The Case for Nuclear power in the 21stCentury,” Montgomery, who is an […] The post Making Case for Nuclear Power in the New Book ‘Seeing the Light' appeared first on The Energy Collective. Click headline for full article

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Battery Startup Brill Power Wins New Energy Challenge

UK start-up company Brill Power has won the top prize at the New Energy Challenge 2017 in Amsterdam. The company has developed new technology that greatly increases the lifetime and reliability of lithium-ion batteries. The company, founded in 2016, was chosen among 20 finalists which participated in a finals week, culminating in a pitching contest […] The post Battery Startup Brill Power Wins New Energy Challenge appeared first on The Energy Collective. Click headline for full article