Latest / Washington Post / 7.31.25
Transcript
- 0:00Speaker 1: Welcome to the reading of Today's Washington Post for the
- 0:05last day of July. July thirty, first of twenty twenty five. Man,
- 0:12we are now seven months into the year. Today's Washington
- 0:17Post is well. Your reader is Alice Stayner, with the
- 0:23reminder that RADIOI is a reading service for those blind
- 0:27with difficulties making it difficult to hold printed material. So
- 0:32I will start off with the front page far left,
- 0:37US strikes deal with South Korea on tariff's agreement with
- 0:42India remains elusive ahead of Trump's Friday deadline, by Jacob Bogage,
- 0:49Kashma Mahiotra, and Michelle eh Lee. In the middle of
- 0:56the front page, and of course above the fold is
- 0:59a picture of a Ukrainian first responder working at the
- 1:04site of a strike in Kharkiv's outskirts. Wednesday, Ukraine's air
- 1:09force said Russia launched seventy eight drone attacks overnight as
- 1:15Moscow continued its intensified aerial campaign against the cities. The
- 1:22Kharkiv region's governors said Wednesday that Russian attacks had killed
- 1:26six there in the past day. He looks like a
- 1:32US fireman with the gear on the red, yellow, greene
- 1:38stripes around his waist, on his arms, his legs and
- 1:41the hat. And this is in a store where you
- 1:44just see litter. He's standing in a foot of stuff
- 1:50that's fallen off the shelves, bottles and all kinds of things.
- 1:54And I certainly can't read what it says on the
- 1:57shelf labels. To the right of that is a host
- 2:02of failures outlined in crash Lapses by FAA and military
- 2:09in TSB, says officials questioned over disaster. Above the Potomac
- 2:15It is by Joan Duncan, Jane Copp Laurie and Tommy
- 2:23Alex Horton and Rachel Webber. Below the picture in Kharkiv
- 2:30is an AI feature powered by geriatric nuclear plants by
- 2:37Evan Halper and Caroline O'Donovan at a Middletown, PA. And
- 2:44then on the very left below the fold surprising find
- 2:50thirty thousand feet deep Thriving Life by Dino Grandoning after
- 2:58massive quake of relatively a tame tsunami eight point eight
- 3:03magnitude trembler off Russia has so far created smaller waves
- 3:08than past strong quakes by Kasha Patel and Scott Dance,
- 3:15And then on the far right doj Epstein grand jury
- 3:21files have just two witnesses. By Jeremy Roebuck, I'll start
- 3:28with Trump says he has a trade deal with South
- 3:32Korea as Friday deadline nears. Economic data outside out Wednesday
- 3:39showed trade turmoil wasn't holding back the US economy, but
- 3:43the Federal Reserve left rates unchanged, citing fear of inflation.
- 3:50By Jacob Bogage, Karishma Mevrotra and Michelle Yehi Lee in
- 3:57a picture in April of President Donald Trump holding a
- 4:01board up entitled Reciprocal Tariffs, and it states the country,
- 4:07the country's tariff charged to the US, and the next
- 4:12column is US a discounted reciprocal tariffs, the top being
- 4:19China with sixty seven percent charge to the US and
- 4:24thirty four percent discounted reciprocal tariff for China. And it
- 4:29goes down European Union, Vietnam, Taiwan, Japan, India, South Career, Thailand, Switzerland, Indonesia, Malaya, Cambodia,
- 4:39and I can read the rest of them. President Donald
- 4:43Trump's had Wednesday he had reached a trade deal with
- 4:47South Korea ahead of her self imposed August first deadline.
- 4:52Before broad new taxes on imports kick in, though he
- 4:56also cast out on striking a deal with India, another
- 5:00of the United States' largest trading partners. Tomorrow is August first.
- 5:06It's Friday. South Korea was set to face a twenty
- 5:10five percent tariff beginning Friday, when rates are set to
- 5:14go up on dozens of countries. Trump earlier Wednesday posted
- 5:19on truth Social, his social media platform, that the Friday
- 5:24deadline this is in all caps, stands strong and will
- 5:29not be extended. In the early evening, Trump wrote that
- 5:34South Korea imports will face a fifteen percent teriff freight instead,
- 5:39and that the country will invest three hundred and fifty
- 5:42billion dollars in the US directed by the White House,
- 5:46plus purchase one hundred billion in American energy. South Korea
- 5:51is the country's ninth largest trading partner according to federal data.
- 5:56India is the twelfth. The US and South Korea have
- 6:00an existing trade agreement that Trump negotiated during his first term.
- 6:07South Korean President Lee G Mayoum welcomed the deal, which
- 6:12landed after negotiations started only last month when Lee took office.
- 6:17Lee said that despite the tight deadline and challenging circumstances.
- 6:23The agreement will help South Korea's competitiveness in the US market.
- 6:29We overcame a major hurdle through these negotiations. Our government
- 6:35has eliminated uncertainty in the export environment, and by aligning
- 6:40US tariffs with or below those of our major export competitors,
- 6:45we created an environment where we can compete on equal
- 6:49or superior terms with major countries, Lee said in a
- 6:54statement posted on his Facebook page. Lee said that three
- 6:59hundred and fifty billion dollar fund would help South Korea
- 7:03and companies enter the US markets in key areas including shipbuilding, semiconductors, biotechnology,
- 7:12and energy. Of the three hundred and fifty billion, one
- 7:17hundred and fifty billion will go towards shipbuilding cooperation. He said.
- 7:22Shipbuilding had emerged as a key point in the negotiations
- 7:26as South Korean officials pitched their nations advanced industry as
- 7:30crucial to revitalizing the declining US industry and to help
- 7:35it keep up with China's. South Korea is the world's
- 7:39second largest shipbuilder behind China. The Presidential Office said after
- 7:45the announcement that the South Korean autos will face fifteen
- 7:49percent tariffs. The announcement is a framework of an agreement.
- 7:54Finalized trade deals are massive and can take years to negotiate,
- 7:58but if the arrangement the South Korea is implemented, the
- 8:02White House will have broken new arrangements with eleven of
- 8:05the country's top fifteen trading partners. Other agreements have been
- 8:11harder to achieve. Second Treasury Secretary Scott Bassett said this
- 8:18day that the US and China, the country's third largest
- 8:22trading partner, would agree to hold off on retaliatory trade
- 8:26measures and continue negotiations, extending a truce that began in
- 8:30mid April. A deal with Indian Prime Minister Narenda Modi
- 8:36has been one of the White House's top goals in
- 8:38months of trade talks. India has one of the world's
- 8:42most protectionist trade regimes, but it appeared Wednesday that no
- 8:47deal would land before the Friday deadline site in the
- 8:51United States. Again in caps massive trade deficit with India
- 8:59and that country's purchases of Russian military equipment and the
- 9:02energy Trump wrote on truth Social that he will order
- 9:07a twenty five percent tariff rate for Indian imports and
- 9:11an unspecified penalty. As of Friday. Tariffs attaxes the government
- 9:18charges on imported goods, which consumers often ultimately pay for
- 9:23through higher prices. And while the tariff rowout has injected
- 9:28un certainty into the economy, data released Wednesday showed businesses
- 9:33and consumers had so far shrugged off the impact. The
- 9:38Federal Reserve also left interest rates unchanged Wednesday, as officials
- 9:44worried that trade policy could stoke inflation. Trump announced a
- 9:48wide range of tariffs April second, which he dubbed Liberation Day.
- 9:54Those would have raised the country's effective tariff rate to
- 9:57twenty eight percent, according to the Yale b Budget lad
- 10:01Entering Trump's second term, the national tear freight hvered between
- 10:05two and three percent. The move staggered global markets, and
- 10:11Trump quickly pulled back, punting the start date for the
- 10:14levees for three months to allow negotiating time with foreign leaders.
- 10:20Besset said Wednesday at an event hosted by the conservative
- 10:24news site Brightbart, I was trying to explain to people
- 10:29who panicked on April second, we're doing peace deals, trade deals,
- 10:35tax deals, and they're all coming together. For a while,
- 10:40it looked in April May like the US was alone
- 10:43against the world. Now that we've done deals with our
- 10:47top trading partners. We have a lot more leverage be set, added.
- 10:54Trump has wielded not just access to American markets, but
- 10:58also security assistance as bargaining tools in trade talks. European
- 11:04nations in South Korea are eager to keep US military
- 11:07personnel on the ground in their countries. Trump has considered
- 11:11moving tens of thousands of troops from both regions, according
- 11:14to recent reports. He also used a threat of additional
- 11:19tariffs to push for peace deals between Thailand and Cambodia
- 11:23and India and Pakistan separate from talks over tariff rates
- 11:27with those countries. The US economy grew at a healthy
- 11:32three percent pace in the second quartu, though analysts warned
- 11:36that trade related quirks are probably making the economy pure
- 11:40more robust than it is. Consumer spending growth has recently slowed,
- 11:46and companies are increasingly pairing back hiring plans while they
- 11:50wait for clarity. Overall Gross domestic product, the broadest measure
- 11:56of the goods and services produced in the United States,
- 12:00grew at a rate of one point two five percent
- 12:02between January and June, a notable slow down from two
- 12:07point three percent pace a year earlier. Still, The Trump
- 12:14administration was quick to toute the latest growth numbers, saying
- 12:18its policies of fueling a new golden age for the
- 12:22economy and needling the Fed for not lowering interest rates. Yet,
- 12:27Americans trust in President Trump's America First economic agenda that
- 12:33continues to prove the so called experts wrong, Whitehouse spokeswoman
- 12:38Caroline Levitt said in a statement Wednesday. In some parts
- 12:43of the economy, Sappi chains brace to o higher tariff
- 12:46rates as the deadline news. The US Postal Service sent
- 12:50advisories to consumers Wednesday with constructions to comply with diminimous
- 12:57tariffs or levies on low value goods. Those items were
- 13:02previously exempt from trade barriers. The White House also issued
- 13:08executive oders Wednesday to make official new tariffs on kappa
- 13:12imports and on goods from Brazil, which Trump is criticized
- 13:17for prosecuting former President yere Bosinato. American and Indian negotiators
- 13:24had hoped in recent days that a breakthrough was within
- 13:27reach on what was supposed to be the first part
- 13:30of a landmark agreement. The United States is India's largest
- 13:35trading partner, accounting for almost a fifth of its exports
- 13:39and creating a forty six billion dollar trade surplus in
- 13:43twenty fourteen. That optimism unraveled after Trump's early morning posts.
- 13:50Hya tariffs threatened to derail India's growth ambitions, especially in
- 13:54its sectors with heavy US exports, such as pharmaceuticals and
- 13:59smartphone Many economists expect the new tariffs to be layered
- 14:04on top of a ten levee on what are known
- 14:08as the wicks b r ICs. This is in caps
- 14:14nations which include Brazil, b India, I, Russia, r China,
- 14:23c and South Africa and others that would be Brazil, Brazil, Russia, India,
- 14:30China and South Africa BRICS. At the heart of trade
- 14:36talks within the United States is dairy, a highly protected
- 14:42industry in India. New Deli opposes dairy imports from cows
- 14:47fed with animal derived products, a common US farming practice.
- 14:52Local media often refer to such imports as non veg milk.
- 14:58Washington also has pre to India to relax rules against
- 15:02genetically modified crops, especially corn and soybeans. Trump's April tariff
- 15:08announcement revived a longstanding debate in India about whether the
- 15:12country should open up its heavenly protectionist economy. Many economists
- 15:17have argued that the moment represented or presence a rare,
- 15:21politically viable chance to push through long needed liberalization, but
- 15:27others have worn that India's labor intensive small and midside industries,
- 15:33which could struggle to complete globally, may not survive the shop.
- 15:39India's average tariff stood at seventeen percent in twenty twenty three,
- 15:44nearly six times the average US rate, according to the
- 15:47World Trade Organization. Trump has repeatedly singled at India for
- 15:53its tariffs and speeches in news conferences, including during an
- 15:57appearance with Moti in February. While some nations responded to
- 16:02Trump's April tariffs with retaliation, India was proactive in its
- 16:07concessions early on, reducing tariffs on some cars, motorcycles, electronics,
- 16:14solar components, chemicals, and alcohol. It also proposed eliminating what
- 16:19is referred to as the Google tax on online in advertisements.
- 16:27But since then relations have taken a turn for the worse,
- 16:30including after a flare up between India and Pakistan, which
- 16:34Trump repeatedly claimed he helped refuse by leveraging trade pressure.
- 16:39India has made calibrated denials of those claims, while analysts
- 16:44have highlighted what they see as a tilt and US
- 16:47policy toward Pakistan, exposing the limits of the ideological alignment
- 16:52between Modi and Trump. India's com commerce industry said in
- 16:58a statement twinsty that we remain committed to reaching a fair,
- 17:05balanced and mutually beneficial bilateral trade agreement that India opposition
- 17:12politicians blasted Modi over Trump's announcement. India's foreign policy has
- 17:18completely failed, the Indian National Congress Party, the main opposition,
- 17:23posted on social media. Trump also said minsday afternoon that
- 17:28he had reached a deal with Pakistan involving oil, though
- 17:32he didn't provide specifics. Desperate for power, modern AI firms
- 17:41lean on a geriatric American nuclear fleet after reviving three
- 17:48Mile Hold, Silicon Valley races to lock down more contracts
- 17:53as aging reactors, alarming some regulators and consumer advocates. That
- 18:00there is a picture of the cooling towers at three
- 18:04Mile Island being reflected in the war and you see
- 18:09those cylinders that look like a woman's body curve narrowing
- 18:15at the waist and then flaring out. The cooling towers
- 18:18at three Mile Island which is being renamed Crane Clean
- 18:23Energy Center, are seen from across the Susquehanna River last
- 18:28year in Middletown, Pennsylvania. I did not Know as being
- 18:33renamed Crane Clean Energy Center by Evan Halper and Caroline
- 18:38O'Donovan out of Middletown, PA. The control room at three
- 18:44Mile Island doesn't call to mind a modern days Silicon valley.
- 18:49The nuclear plant's gadgetry has plastic levers and colored buttons,
- 18:54chunky enough for a toddler's play set, push button, landline bones,
- 19:00and monochrome monitors. But vintage facilities like these are now
- 19:05coveted by tech companies that need immense amounts of power
- 19:10today to propel their dreams for tomorrow. The nation's dwindling
- 19:16fleet of nuclear plants is being seized upon by tech
- 19:19firms such as microfoss Soft and Amazon as a foundation
- 19:24for their plans for an artificial intelligence infused future. Their
- 19:29aged but reliable survivors have emerged as one of the
- 19:32most viable ways to quickly feed tech firms growing thirst
- 19:37for electricity to power the giant data centers needed for
- 19:41AI projects. Meta signed a twenty year agreement for the
- 19:47power flowing from a large legacy reactor in Illinois. Microsoft
- 19:52struck a deal to restart a reactor next to the
- 19:55one at Pennsylvania's three Mile Island plant that was shuttered
- 19:59in nineteen seventy nine by a partial meltdown, and Amazon
- 20:05last month in the same state locked up power from
- 20:08a forty two year old nuclear plant down the Susquehanna River.
- 20:13Tech companies are scouring the nation for other geriatric nuclear
- 20:17plants to power their AI dreams. According to interviews with
- 20:21nuclear industry officials and company earnings calls, their interest is
- 20:27focused on the roughly two dozen operating plants in unregulated markets,
- 20:32which are in many cases free to sell power to
- 20:35the highest biddlem. They make up about half of the
- 20:39fifty four plants still operating in the United States. The
- 20:43tech firms save the deals give new life to plants
- 20:46at risk of going offline or that have already been
- 20:50shut down. Contracts that lock in rates for decades are
- 20:54attractive to plant operators, and the electricity flows without directly
- 20:58generating new emissions, but critics says Silicon Valley's nuclear s
- 21:05free will make it more likely that consumers will face
- 21:08electricity rate hikes or shortages in coming years as the
- 21:13nation faces soaring demand for power, driven in part by
- 21:17new data centers. And there is a picture of controls,
- 21:22monitors and indicated lights filling the main control room at
- 21:26three Mile Islands last year. And is that kind of
- 21:31greeny turquoise blue color with panels filled with monitors and
- 21:37buttons and the push button telephones in a beige color
- 21:43lined up on a desk or on a table, rolling
- 21:48chairs and foul cabinets, it looks very outdated. By locking
- 21:54up aging nuclear plants instead of building new power generation,
- 21:58tech firms could lead communities to fall back on fossil fuels,
- 22:03extending the life of polluting coal and glass plants. A
- 22:07few years ago, nuclear energy struggled to compete with cheaper
- 22:10renewables and natural gas, but all power sources are now
- 22:14in greater demand. Contracts with tech firms can offer nuclear
- 22:19plant operators as much as double the market rate for electricity.
- 22:24Jackson Morris, a director with the environmental advocacy group Natural
- 22:29Resources Defense Council, said tapping nuclear energy allows companies to
- 22:34keep pledges to use carbon free power, but doesn't do
- 22:39anything to solve for the impact they're having on customers.
- 22:43They're insulating themselves from their own impact, he said. Amazon, Google, Meta,
- 22:51and Microsoft declined to answer questions about which additional nuclear
- 22:55plants they may be seeking to buy power from, as
- 22:59well as the potential impacts of such purchases on other
- 23:03rate payers and the environment. Amazon founded Jeff Bezos owns
- 23:09the Washington Post. All of the companies say they mitigate
- 23:13the impact of their energy use on other constabers by
- 23:18working with utilities to shield customers from funding infrastructure that
- 23:23serves only data centers, and investing in bringing new clean
- 23:27technologies to the power grid. Tech firms say their data
- 23:31centers will eventually be powered by a new generation of cheaper,
- 23:36but more sophisticated nuclear reactors to be designed with help
- 23:40from AI, but the technology has been stamfied by engineering issues,
- 23:45supply chain challenges, and regulatory hurdles. Google and Microsoft are
- 23:50also investing infusion energy, which is even less proven. It
- 23:56turns out it is hard to go from all of
- 23:59that on see new technology on a spreadsheet to an
- 24:04actual piece of infrastructure that isn't run with analog controls,
- 24:09said Ted Nordhaus, co founder of the Breakthrough Institute, a
- 24:15California based energy think tank Nordhaus added, right now, there
- 24:21is not much else to do other than try to
- 24:23squeeze every electron you can, added the existing nuclear fleet
- 24:30chain reaction. Energy companies that own nuclear plants are thrilled
- 24:35by the tech industry's recent interest, calling it a springboard
- 24:39for nuclear powers resurgence. New Jersey Power Company PSG told
- 24:46investors in February that it is in talks with tech
- 24:50firms about selling large amounts of power directly from its
- 24:53nuclear reactors on what is known as the Artificial Island
- 24:58Complex in Delaware. B Company CEO Ralph L. Rosa said
- 25:04in April that requests for new power from the utility
- 25:07by data centators has exploded over the past year, jumping
- 25:12sixteenfold to six point four Giggle wants amount of electricity
- 25:17that could power several million homes In Texas, energy company
- 25:23Vistra says it is in talks with tech firms interested
- 25:27in buying energy from the Comanche Peak nuclear plant near
- 25:31Fort Worth and possibly others it owns in Ohio and Pennsylvania.
- 25:38There's a picture of the Comanche Peak nuclear power plant
- 25:42in glen Rose, Texas. It looks like an island with
- 25:47a bridge across it out to the island where you
- 25:51see the two cylinders and a spread out area for
- 25:56the nuclear peak power plant. I think we see more
- 26:00large deals, said Dan Eggers, executive vice president at Constellation Energy,
- 26:07which owns or partly owns thirteen nuclear energy complexes across
- 26:12the country. Constellation has already rezoned land next to the
- 26:16Byron Clean Energy Center, a nuclear plant in Illinois, so
- 26:21tech companies can build data centers there. It is seeking
- 26:25similar changes at the campus of the Calvert Cliffs nuclear
- 26:29plant in Maryland on Chesapeake Bay. The company says it
- 26:33is also contemplating new deals with tech companies the long
- 26:37term nuclear power contracts in Pennsylvania and New York. Lawmakers
- 26:43and regulators in some communities are concerned center nuclear deals
- 26:48could increase costs for other rate payers and weaken the
- 26:52power grid. Some Maryland lawmakers want to ban Constellation from
- 26:57inviting data center construction alongside calbrit Cliffs, which produces nearly
- 27:03forty percent of the state's electricity. A report from the
- 27:07state's Public Service Commission warrants that siphoning energy from the
- 27:11plant away from the power grid for data centers could
- 27:15destabilize the system. The report says, in addition to being
- 27:22costly to replace a large nuclear plant, the quality of
- 27:26the generation dot dot dot would be difficult to replace.
- 27:31Unlike solar or wind facilities, nuclear power provides around the
- 27:36clock electricity when the plants are operating in any weather.
- 27:42In many cases, nuclear power that gets redirected to tech
- 27:45companies would be backfilled on the power grid with gas
- 27:49or coal generation. Nuclear power officials say the solution is
- 27:54not restricting deals, but building more plants. It is short
- 27:59sighted to say we will just ignore all this demand
- 28:02over the next few years and tell these companies to
- 28:06get their power somewhere else, when this could set us
- 28:09up for a lot of growth in the industry, said
- 28:12Benton Arnett, senior director of Markets and Policy at the
- 28:17Nuclear Energy Institute, an industry group. But even nuclear executives
- 28:24working with tech firms acknowledge that pulling zero emissions nuclear
- 28:28energy away from other customers will have an impact on
- 28:32the climate and can be a sync with ambitious commitments
- 28:36tech firms have made to reduce their card in footprint.
- 28:40A growing list of people are realizing they can't have
- 28:43everything they want, said Robert Coward. Principal officer at MPR Associates,
- 28:51one of the nuclear industries leading technical services firms, Critical Mass.
- 28:58This scramble tech firms to secure more nuclear energy quickly
- 29:02has led Silicon Valley companies to some unexpected places. They
- 29:08included dormant construction sided in South Carolina. Their plans to
- 29:12build a three mile island sized nuclear plant was abandoned
- 29:16in twenty seventeen after the developer burned through nine billion
- 29:21dollars on a project that struggled with cost overruns and
- 29:25engineering setbacks. Local ratepayers were saddled with the bill. Federal
- 29:31prosecutors in twenty twenty secured prison sentences for executives involved
- 29:35for the project for lying to investors and raped payers
- 29:39about its viability. Now, several big tech companies are among
- 29:45those that have expressed interest in bringing the VC's Summer
- 29:50nuclear project back to life, according to testimony from officials
- 29:55at utilities Santi Kupu after it invited proposals for restor
- 30:00the project. A utility spokesperson would not say if they
- 30:05are tech companies among the three or four proposals she
- 30:09said are finalists for a potential deal. Tech firms are
- 30:13also eyeing a revival of Dwayne Arnold Energy Center in Island,
- 30:19a nineteen seventies vintage nuclear plant majority owned by Next
- 30:25Extra NOE Next Era that was northballed in twenty twenty
- 30:31after a fear storm damaged its cooling towers. According to
- 30:35company earnings calls, there are repairs who are initially deemed
- 30:39too costly. The data centers have shifted the economics of
- 30:44nuclear energy, and Next Era is muwing a reboot to
- 30:49serve the facilities. If we continue to see the kind
- 30:54of prices Microsoft is willing to pay for nuclear power
- 30:58from three Mile Alan, these types of deals become a
- 31:02solid economic proposition, said Curly Davenport, are utilities analysis at
- 31:08Goldman Sachs. She said estimates show that tech company is
- 31:13paying as much as twice the going rate on the
- 31:16open market and locking in for a twenty year contract.
- 31:21Duyanne Arnold is one of the last retired plants intact
- 31:25enough to restart. Many of the retired plants in the
- 31:29US have already been dismantled, but tech companies are finding
- 31:33ways to squeeze more juice out of active reactors in
- 31:36the aging national fleet, pursuing reactor uprights from federal regulators
- 31:43that allow increased output. Nuclear power companies aim to increase
- 31:48the power output of the existing US nuclear fleet by
- 31:53the equivalent of three large new reactors using that tactic.
- 31:58As more deals involving aging reactors emerge, consumer advocates and
- 32:04environmental groups are growing concerned about the impact on everyday
- 32:09raypayers and the planet. Amazon reconfigured its deal in Pennsylvania
- 32:15after it was rejected by federal regulators that expressed concern
- 32:19about the effects on consumer electricity bills. The company had
- 32:24proposed rooting power from the plant directly to nearby data centers,
- 32:29allowing it to avoid paying usage fees for the electric grid.
- 32:34The online retailer last month announced a deal with plant
- 32:38own a talent in which it agreed to pay grid fees,
- 32:42a contract that will effectively lock up a large trunk
- 32:46of existing power generation at a time the mid Atlantic
- 32:49power grid desperately needs more energy. The deal is notable
- 32:55because it puts an existing nuclear plant on sound economic
- 32:59footing for another decade of a mission's free power generation,
- 33:04said former Federal Energy commissioner Allison Clemits. But Amazon is
- 33:10also removing supply from the grid justice demand from AI
- 33:15and other uses such as electric cars and air conditioners
- 33:19is spiking. There isn't enough power on the grid, Clement said,
- 33:25and the increased load forecast by analo syst utilities and
- 33:30grid operators cannot be met by existing power sources. There's
- 33:35not enough room on the system, Clements said. Going into
- 33:42the a section, Trump's newborn savings accounts a back door
- 33:48for privatizing Social Security. The SCENT says the Trump accounts
- 33:55were set up in the GOP's new tax and spending law,
- 34:00a One Big Beautiful Bill by Jacob Bogage. The newborn
- 34:07savings accounts, created as part of President Donald Trump's massive
- 34:11new tax and immigration law are a back door off
- 34:15of privatizing Social Security. Secretary Treasurer or Treasury Secretary Scott
- 34:22Bessent said Wednesday. The Trump accounts, enacted as part of
- 34:27the One Big Beautiful Bill, give newborns a thousand dollars
- 34:31savings account that can be invested with tax deferred treatment.
- 34:36Families of their employers can make five thousand dollar contributions
- 34:40to the account each year until the beneficiary turns eighteen.
- 34:46The program is one of more popular components of the legislation,
- 34:51which Trump signed into Lard July fourth, and borrows from
- 34:55proposals made for years by Democrats. Speaking at an Wednesday
- 35:00hosted by the conservative news site Write, Bart Bascin said
- 35:05the accounts will improve economic outcomes for babies and children,
- 35:09and said the Treasury Department will use them to increase
- 35:13financial literacy among young people. He likened learning about sound
- 35:18investing practices to a child learning to take responsibility for
- 35:22a pet. Ambascent added that if enrollies allowed their accounts
- 35:27to grow over decades and saw the benefits of compound interest,
- 35:32beneficiaries to accrue large and tax deferred savings balances. Well
- 35:43the accounts, I'm going back and Bacin added that if
- 35:47enrollies allowed their accounts to grow over decades and saw
- 35:52the profits of compound interest, the accounts could in effect
- 35:57replace social Security, allowing beneficiaries to accruite large and tax
- 36:04preferred saving balances. At the end of the day, I'm
- 36:10not sure whether the distribution level date should be. Should
- 36:14it be thirty and you can buy a house should
- 36:17it be sixty? But in a way it is a
- 36:19back door for privatizing social security, the Scent said, adding
- 36:25social Security is a defined benefit plan pay to the
- 36:29extent that if all of a sudden, if these accounts
- 36:33grow and you have hundreds of thousands of dollars for
- 36:36your requirement, then that's again change them. A Treasury spokesperson
- 36:42said in a statement that Trump accounts are an additive
- 36:46government program and that, along with Social Security benefits, will
- 36:51broaden and increase the savings and wealth of Americans. Social
- 36:57Security is a critical safety net for Americans and always
- 37:01will be. This administration has not just fought tiresly for seniors,
- 37:06but is also fighting for the next generation, said the spokesperson,
- 37:10who spoke on the condition of anonimity, citing a department
- 37:14policy preventing them from speaking on the record. Social Security
- 37:19benefits are financed by payroll taxes, and as the number
- 37:23of retirees booms, workers and employees are not paying enough
- 37:28into the trust fund to sustain future benefits. Without action
- 37:33from Congress to overhaul the program's finances, the trust fund
- 37:38that pays for it will be insolvent by twenty thirty three,
- 37:42according to gene productions from the program's trustees, that would
- 37:47force a twenty three percent cut to benefits. Those figures,
- 37:52though do not accouade for policy changes in Trump's landmark
- 37:55tax law, a bonus to the standard deduction for seniors
- 38:00could hasten social securities in Solveigncy data twenty thirty two,
- 38:05according to the Committee for a Responsible Federal Budget, a
- 38:09non partisan Washington think tank. On one hand, what they
- 38:14are doing is they are making social security less solvent
- 38:17and a riskier proposition for people, said Howard Gleckman, a
- 38:22senior fellow at the Urban Brookings Tax Policies Center. On
- 38:27the other hand, the Treasury Secretary seemed to be musing
- 38:30out loud about the idea of beginning to privatize the system.
- 38:35Previous Republican administrations had discussed privatizing social security. President George W.
- 38:42Bush pitched partially privatizing the program with individual private investment accounts.
- 38:48The idea was politically unpopular, and it contributed to historic
- 38:53losses for Republicans in the two thousand and six mid
- 38:56term elections, giving Democrats control of both chambers of Congress
- 39:01and largely ending the Bush administration's legislative agenda. Today, the
- 39:08Treasured Secretary said the quiet part out loud. Republican's ultimate
- 39:14goal is to privatize Social Security, and there isn't a
- 39:18back door. They won't try to make wall Street's dream
- 39:21a reality. Representative Richard E. Neal of Massachusetts, the top
- 39:27Democrat on the Tax Writing, Ways and Means Committee, said
- 39:31in the statement. For everyone else, though, it's yet another
- 39:35warning sign that they cannot be trusted to safeguard the
- 39:40programs millions rely on and have paid into over a
- 39:44lifetime of work. Why one of the world's biggest earthquakes
- 39:51wasn't followed by a monster tsunami. Past stronger earthquakes have
- 39:57caused massive and damaging waves far but scientists say these
- 40:02tsunami waves retained a comparison across the Pacific basin. There's
- 40:09a picture of a person observing the sea at Ocean Beach, California,
- 40:13after a thirties warned residents of the possibility of tsunami waves.
- 40:18Following an earthquake on Russian's Kamachaka Penson Peninsula, La Kasha
- 40:24Patel and Scott Dance, an eight point eight magnitude earthquake,
- 40:32one of the most powerful ever recorded, struck off the
- 40:36coast of eastern Russia late Tuesday, causing intense shaking for minutes,
- 40:41rattling windows and damaging infrastructure nearby. In the following hours,
- 40:47people in Japan, Hawaii, and along the US West Coast
- 40:51braced for an often deadly effect of coastal earthquakes, a tsunami.
- 40:59Past strong earth eth quakes have caused massive and damaging
- 41:02waves far away, but scientists say these tsunami waves retained
- 41:07by comparison across the Pacific basin, at least so far.
- 41:12Some areas of South America are still preparing for an
- 41:16incoming tsunami. Researchers in response teams are still uncovering specific
- 41:22details about the event. The better warning systems and other
- 41:26properties of a quake beyond its strength may have mitigated
- 41:30the effects so far. It definitely created a Pacific wide tsunami,
- 41:37which in the context of tsunamis, is quite large, said Tinadura,
- 41:42a tsunami researcher at Virginia Tech. But it's a little
- 41:47bit smaller than could be possible in that magnitude of earthquake.
- 41:52The quake occurred near the Kamchaktika Peninsula, where the Pacific
- 41:58tectonic Plate is sliding underneath the North American plate. This
- 42:03seismatically active subduction zone has produced two of the world's
- 42:09top ten earthquakes in nineteen fifty two, a nine point
- 42:14zero magnitude earthquake hit less than twenty miles from the
- 42:18epicenter of Tuesday's quake. That trembla also triggered a Pacific
- 42:25wide tsunami. The two plates slipped past each other at
- 42:29the relatively shallow depth of twelve point five miles under
- 42:33the ocean, which caused part of the seafloor to thrust
- 42:37upward and displace the water, creating a tsunami. Wave heights
- 42:42reached much higher than normal near the Kantatka Peninsula, more
- 42:47than fifteen feet high, said Alexander Rabinovitch, a physical oceanographer
- 42:54and vice chair of the IUGG International Tsunami Commission. He
- 43:00said local teams will receiveying the damage to the low
- 43:03population area along the southern coast of Kamchoktka, where he
- 43:08said wave heights could have reached fifty feet. In Japan,
- 43:13tsunami waves reached from one to three feet, according to
- 43:16the Japan Meteorological Agency. Around Hawaii, wave heights hit five
- 43:23to six feet. Most places around California just saw a
- 43:27foot or so in increased wave height, though Crescent City,
- 43:32where tsunamis often get amplified because of the shape of
- 43:35its shelf, saw wave heights of almost four feet, while
- 43:40wave heights were relatively low farther from the quake. Is
- 43:44the biggest question at the moment, said by Schislav Viisalvakov,
- 43:50a tsunami expert in the Sabian branch of the Russian
- 43:53Academy of Sciences. As the wave spread, so it weakens.
- 43:58But the similarly powerful nineteen fifty two earthquake in the
- 44:02same region caused bigger waves and more damage in Hawaii
- 44:06than Tuesday's quakes so far. It is also possible that
- 44:11the earthquake itself, although powerful, may have contributed to a
- 44:15milder tsunami. US geological survey modeling suggests the land shifted
- 44:21by twenty to thirty feet along a roughly three hundred
- 44:25miles stretch of fault, said Diego Melgar, director of the
- 44:29Kaskadia Region Earthquake Science Center at the University of Orgon
- 44:35These sorts of variations in fault movement can be the
- 44:38difference between relatively small tsunamis and disastrous ones, he said.
- 44:44For instance, the twenty eleven earthquake that triggered a nuclear
- 44:48crisis in Japan. Shifted the land by as much as
- 44:51one hundred and fifty feet across a similarly long stretch
- 44:55of fault line, creating tsunami waves that were as high
- 44:59as a high hundred feet locally. It also caused millions
- 45:03of dollars in damage in Crescent City near the Oregon border,
- 45:07and swept one person away. Earthquakes have a personality. Those
- 45:13kinds of details really affect the tsunami. Malgari said the
- 45:19surge of order did cause a deck to break off
- 45:22in Crescent City, but no injuries have been reported so far.
- 45:27Rabenevich said the tsunami warnings were quite affected this time around,
- 45:31allowing people time to evacuate from coastal areas, take boats
- 45:35out of harbors, and prepare. When you're all the way
- 45:40across the Pacific Ocean, you do have a little bit
- 45:43more time to get everyone aware and prepared. Dora said
- 45:48that's not always the case. For example, she said an
- 45:51event could unfold in minutes to hours in the Western
- 45:55United States from a rupture in the Cascadias subduction zone.
- 46:00Is too early to say that the earthquake did not
- 46:03cause any disastrous tsunami damage. Malgar said people have become
- 46:08used to seeing disaster impacts broadcast lab on social media.
- 46:13It'll take several analysis of satellite data as well as
- 46:16roots on the ground surveys to know the height of
- 46:19waves that hit the Russian Coast, particularly in the sparsely
- 46:23populated Kamchakka Peninsula. Even though any tsunami impacts were minimal
- 46:30in Hawaii and on the US West Coast, Malgrek called
- 46:34it a story of triumph that those areas received warnings
- 46:38and acted quickly. Some warning systems have been implemented in
- 46:43response to deadlier and more damaging earthquakes. The nineteen fifty
- 46:48two earthquake near the Kumchakka Peninsula caused significant damage in Hawaii.
- 46:53In nineteen forty six, and eight point six magnitude quake
- 46:56in Alaska's Solution Islands triggered as tsunami that killed one
- 47:01hundred and fifty nine people in Hawaii. Those disasters were
- 47:06the driving force behind the creation of the US Tsunami
- 47:09Warning Centers, which are part of the National Ocean Act
- 47:14Oceanic and Atmospheric Administration. Any warnings at all is a
- 47:19huge success. Melgar said, I'm going to read something totally
- 47:25different Birmingham lays to rest Ozzi Osbourne, hard rocking, backbiting
- 47:32native Sun head Bangers shed tears and piled flowers as
- 47:37they mourned the Black Sabbath star and heavy metal showman
- 47:41who remained a broomy lad even after moving to Beverly Hills.
- 47:46And there is a huge picture of Ozzi Osbourne saying
- 47:50Ozzi Forever, Birmingham will always love you. He's in a
- 47:55black suit with his traditional long hair and sun glasses
- 48:00on Birmingham, England by William Booth. The Headbangers threw flowers
- 48:08atop the blackhearst as a brass band played a cover
- 48:12of Iron Man. Thousands of mourners came out to watch
- 48:17the funeral procession. They chanted Ozzi and raised their hands
- 48:22in devils horned signs as his cortege rode down Broad
- 48:26Street in Birmingham's city center. The Road last week lost
- 48:32Ozzy Osbourne, the frontman of Black Sabbath, heavy metal founder
- 48:37and back munching TV dad. The Birmingham lost a native son,
- 48:43a boomy lad and working class hero from the Ashton
- 48:47neighborhood where parents toiled in the local factories as their
- 48:51kids learned to bang on drums and guitars. He was
- 48:55born John Michael Osbourne and died on July twenty second
- 49:00at seventy six of a variant of Parkinson's disease, probably
- 49:06not helped much by a once wildlifestyle of drugs and alcohol.
- 49:11He performed sitting on a black throne in a farewell
- 49:15concert at Birmingham's Villa Park Soccer Stadium earlier this month.
- 49:21Because of the Emmy winning MTV reality show The Osbournes,
- 49:27many Americans might remember him best as an economic migrant
- 49:32to Beverly Hills, but the nine two one ozer was
- 49:36not his forever home. He was buried Wednesday in England.
- 49:41Tracy bb sixty, a lifelong fan from an old coal
- 49:46mining village north of Birmingham, wet openly. At a time
- 49:51in my life when I didn't fit, when a lot
- 49:53of us didn't fit in, we had Ozzy all the odds.
- 49:58People didn't feel so odd because we had Black Sabbath,
- 50:02Bobe said. Black Sabbath is widely credit ted as a
- 50:07foundational heavy metal band, noted for its dark, heavy, loud
- 50:12blues rock influence sound with lyrics about doom and destruction.
- 50:18No band is more influential on heavy metal than Black Sabbath,
- 50:23a truism we might even extend to the idea of
- 50:26heavy metal thinking. The Washington Post pop music critic Chris
- 50:31Richards wrote in a recent appreciation that is a heightened
- 50:36state of youthful on we and fomenting skepticism, routinely dismissing
- 50:42throughout the pop culture of the eighties and nineties as
- 50:46loser duvenilia. There is a picture of Ozzy Osbourne tattoo
- 50:54and it is of him with his mouth wide open
- 50:57and I can't tell what he's got in his hand,
- 51:00but it's a really well done tattoo on the leg
- 51:05of this man on the day of the funeral. Oh
- 51:08excuse me, a lay of this woman on the day
- 51:11of his funeral. And there is a picture of the
- 51:14crowds lining the streets of Birmingham, one lady wiping tears
- 51:18from her eyes. In Birmingham, England's second city. The metal
- 51:24heads waited quietly for the hearst to appear, with many
- 51:27mourners dressed in black jeans and lother vests, sporting old
- 51:31and new concert t shirts, celebrating not only Black Sabbath
- 51:36but also their spawn band's name Cannibal, Corpus and Slave,
- 51:43though some in the crowd discreetly sucked down Canzabia. It
- 51:46was a kid friendly celebration for the Prince of Darkness,
- 51:50who liked to describe himself as a family man. In
- 51:54interviews here, aging thrashers pointed to gen Z fans and
- 51:59nodded apprecily. The young will keep the tradition alive, said
- 52:05John Cooper sixty nine, a lifelong local Sabbath fan and
- 52:09retiree who's been his working life in a factory that
- 52:13made nuts and boats. His friend Bays Drew fifty three,
- 52:18showed off a tattoo on his left arm. It featured
- 52:21a phasing visage of Azy in his younger years, but
- 52:25underneath he had just added the dates marking the rocker's
- 52:28birth and death nineteen forty eight to nineteen twenty five.
- 52:34He was from this place. He was this place, Drew explained.
- 52:39Rich in honesty, he might have described as a slum.
- 52:44He remained a boomy lad. Drew explained. He was humble,
- 52:48but he was huge. Drew's friend, Chris Carpenter fifty one,
- 52:52who works at a factory making land robus, showed off
- 52:56his forefingers tattooed to read oh z z wi he
- 53:03was bigger than the Queen really, Carpenter said. The mourners
- 53:07agreed it was a travesty that Osborne wasn't knighted by
- 53:11King Charles Third, who was a fan of sorts. The
- 53:15British press revealed that the two exchanged correspondents over the years.
- 53:19Ozzi performed at Queen Elizabeth's Golden Jubilee concert at Buckingham
- 53:25Palace in two thousand and two, playing the Back Sabbath,
- 53:28hit Paranoid and unless Rego if no less memorable moment.
- 53:34During a solo performance in des Moines on January twentieth,
- 53:38nineteen eighty two, Osborne bit the head off of a bat.
- 53:43He later joked that the stunt would appear in his obituary.
- 53:47At one point Windsday, the crowd grew silent as Ozzie's wife,
- 53:51Sharon Osborne, and two of their children, Kelly and Jack,
- 53:56stepped out of the black car to place roses beside
- 53:59the mountain of flying flowers left on top of the
- 54:02Black Sabbath bench next to the Black Sabbath Bridge, just
- 54:07down the road from the Birmingham Museum in Art Gallery
- 54:10which is featuring the exhibit Ozzy Osbourne, working class hero.
- 54:16Osbourne and his band's mates were from the Aston neighborhood.
- 54:20His father was a tool maker, his mother worked at
- 54:23an auto parts factory. The basis for Black Sabbath, Terence
- 54:28Giza Butler was from down the road. The Butler family's
- 54:32home had been bombed by the Luffwaffe in World War Two.
- 54:36The fan's guitarist Tony Almi, lost the tips of the
- 54:40middle and ring fingers of his rice hand at his
- 54:43job at his sheet metal plant. Osbourne was scheduled to
- 54:48be buried scheduled to be buried at a private ceremony.
- 54:52The Lord Mayor of Birmingham so far Agbaal said, Osborne
- 54:56put Birmingham on the map. I think it was. There's
- 55:00a fitting tribute to the legends. Who was a broomy
- 55:02through and through Igball said, like his final gig, he
- 55:06came back home and we were proud to have him.
- 55:10David Weinser twenty was carrying a bouquet of red roses
- 55:14with a handwritten note thanking Osborn for all he meant
- 55:16to him, adding heroes get remembered and legends never die.
- 55:23Windsor plays guitar and has dreams too, and the band
- 55:26what's it called doesn't have a name yet, he said
- 55:30along the curb. Mel Higgins, twenty one, as students, said
- 55:33her favorite Osborne song was probably No More Tears from
- 55:37nineteen ninety one, which the singer once called a gift
- 55:41from God. Asked how long she's been a fan, Higgins
- 55:45said since I was a baby. My dad used to
- 55:49play Black Sabbath records all the time, she said, adding
- 55:53that she was happy to celebrate the passing Star because
- 55:57not really anybody famous is from manhand, She said, I
- 56:03won't be able to finish this, but I'm going to start.
- 56:06Scientists discover a whole new type of ecosystem thirty thousand
- 56:11feet deep in Pacific Ocean trenches, scientists found creatures that
- 56:16expand the limits of where we know life can live
- 56:19on Earth. When her three person by Dino Grandoni, When
- 56:24her three person submersible descended more than thirty thousand feet
- 56:28into one of the Pacific Ocean's deepest trenches, Ma grand
- 56:33Dieu wasn't sure what they would find. What she saw,
- 56:37she recalled, was unbelievable dense clusters of tube worms with tentacles,
- 56:42tinged blood red, shutting up like skyscrapers, iridescent snails scaling
- 56:48the worms like window washers, bristly white creatures rigging between
- 56:53them like rush our commuters trying to get home for dinner.
- 56:57An international team of researchers has discovered the world's deepest
- 57:01known ecosystems sustained by chemicals seeping from their seafloor, submerged
- 57:06in water and darkness. The discovery expands the limits of
- 57:11where we know life can live on Earth. It's a
- 57:15unique ecosystem, said Dominique Papineaut, an exobiologist who co wrote
- 57:21the study on the deep sea discovery, published Wednesday in
- 57:24the journal Nature. It's a totally new thing that has
- 57:27not been seen before. The bottom dwellers found in the Careo,
- 57:32Komchukka and Aleutian trenches between Russia and Alaska, Algeria. Understanding
- 57:39of trench ecosystems, said Lynda Levin, a professor emeritus a
- 57:44biological oceanography at Script's Institution of Oceanography who is not
- 57:50involved in this study. For decades, scientists have studied organisms
- 57:54that thrive around hyperthermal vents fisio sphearing superheated fluids. But
- 58:01the creatures that live around cold seeps, places where gases
- 58:05such as methane and hydrogen sulfide ooze from the seafraw
- 58:08at near freezing temperatures, often where tectonic plates meet, have
- 58:13been understudied. And that's where the tsunami was, or the
- 58:18earthquake was just in Russia. And with that I conclude
- 58:23today's reading of the Washington Post for July thirty, first
- 58:27of twenty twenty five. I'll be back on Saturday. Have
- 58:31a good day and stay hydrated by