Author: Jack Mulligan

In a move that marks both a nod to the past and a step toward the future, Microsoft has signed a 20-year agreement to purchase power from the infamous Three Mile Island nuclear energy plant in Pennsylvania. The site, known for the worst nuclear accident in U.S. history, is being revitalized to help satisfy Microsoft’s increasing energy demands, particularly for its artificial intelligence (AI) data centers. The plan to reopen the plant by 2028, following improvements, now awaits regulatory approval. A Historic Site Powering the Future Microsoft’s decision to source energy from the Three Mile Island plant highlights the growing…

In a controversial decision, Georgia’s state election board voted on Friday to require the hand-counting of ballots cast on Election Day, a move expected to significantly delay the reporting of results in a critical battleground state. The 3-2 vote, backed by a pro-Trump majority on the board, has drawn strong opposition from both Democrats and some Republicans, who warn that the rule change could introduce chaos into the election process. The decision comes just weeks ahead of the November election and has sparked concerns about the ability to quickly and accurately count the votes. Hand-Counting Decision Sparks Concerns of Election…

Federal Reserve Chair Jerome Powell has introduced a new term to describe the current direction of U.S. monetary policy: “recalibration.” This new buzzword shapes how the Fed approaches economic stability at a crucial time as it navigates the balance between inflation control and preserving the labor market. Investors reacted swiftly, pushing asset prices higher, interpreting Powell’s message as a strategic move to protect the economy while avoiding a recession. The Recalibration Explained During a press conference following the Federal Open Market Committee (FOMC) meeting, Powell emphasized the importance of this policy recalibration. The central bank cut interest rates by half…