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Time: 2025-01-10    Source:     
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Elon Musk is easily the world’s wealthiest man, with a net worth topping $300 billion. But even he stands to make more money from his association with the federal government after placing a winning bet on Donald Trump’s election to the presidency. “It’s going to be a golden era for Musk with Trump in the White House,” Wedbush Securities analyst Dan Ives said. Musk’s aerospace company SpaceX received billions of dollars in federal contracts, and could be in line for more, while his five other businesses could gain from a lighter regulatory touch. Trump named Musk to co-head a new Department of Government Efficiency, or DOGE — a nod to the cryptocurrency Musk adores. However, federal law bars executive branch employees, which can include unpaid consultants, from participating in government matters that will affect their financial interests, unless they divest of their interests or recuse themselves. Trump’s transition team has sought a work-around, saying he would “provide advice and guidance from outside of Government” with the work concluding by July 2026, according to a news release. Richard Painter, a University of Minnesota Law School professor and former chief White House ethics lawyer, said that if Musk is truly working outside the government he doesn’t have to sell his assets, but that limits his influence. “He can make recommendations, but ultimately the decisions are made by government officials,” Painter said. Trump’s campaign and Musk’s companies didn’t respond to requests for comment. Here’s how Musk could benefit from Trump’s presidency. If there’s one Musk business that could profit the most from the incoming Trump administration, it’s SpaceX. The company, which announced this year it would move its headquarters from California to Texas, already received at least $21 billion in federal funds since its 2002 founding, according to government contracting research firm The Pulse. That includes contracts for launching military satellites, servicing the International Space Station and building a lunar lander. However, that figure could be dwarfed by a federal initiative to fund a Mars mission, which is the stated goal of SpaceX. “Elon Musk is wealthy, but he’s not wealthy enough to completely fund humans to Mars. It needs to be a public/private partnership, because of the tens of billions of dollars that this would cost, or even hundreds of billions dollars,” said Laura Forczyk, executive director of space industry consulting firm Astralytical. SpaceX already made big strides testing Musk’s Starship rocket, the most powerful ever built. NASA envisions employing the rocket in its Artemis program to return humans to the moon, but it has been designed to have enough thrust to propel a spacecraft to Mars. What’s more, Trump, during his first presidency, speculated on Twitter about why the United States was focusing on the moon instead of Mars. Still, there are technical challenges, with SpaceX yet to complete the $4 billion Starship lunar lander, which would have to be modified for Mars. And without a pressing geopolitical threat, Congress may be unwilling to spend more on space exploration, as it did during the 1960s with the Apollo program, Forczyk said. Should a Mars project not materialize, SpaceX could still reap rewards in the next four years. For example, the Federal Communications Commission denied SpaceX nearly $900 million in federal subsidies to provide rural broadband access through its Starlink satellite network. Under new FCC leadership, Forczyk sees that being reversed. Trump’s policies could reduce the sales of electric vehicles, but with Musk’s influence, his administration’s policies could boost Tesla — though not with federal funding. For example, Trump, who tempered criticism of electric vehicles after Musk backed him, might end a $7,500 tax credit for electric vehicles. That would hurt Tesla’s unprofitable rivals that rely more on the tax credits to lure customers. “Tesla is the only automaker that has the scale and scope to price vehicles in a $30,000-to-$40,000 range and make significant profits,” Ives said. “It would essentially take competition out of the market.” Trump’s Republican administration also is considering imposing tariffs on Mexico and China, which could make cars more expensive. Ives said he expects Trump to make exceptions for Tesla and Apple so they’re not hit by a tax on imported goods. Tesla receives only a smattering of federal contracts, according to , a database that tracks U.S. government spending. This year, Tesla received at least $2.8 million from the Pennsylvania Department of Transportation through a federally funded program to deploy EV charging stations. Musk’s startup xAI doesn’t appear to have federal government contracts, but artificial intelligence companies could benefit in other ways under Trump. Republicans and Musk have expressed support for cutting regulation to fuel AI innovation, a crucial part of the future of tech companies. But Musk has also warned that AI could pose a threat to humanity, and it’s unclear how Trump plans to address potential safety risks that come with technology including fraud, bias and disinformation. X, formerly known as Twitter, served as an online megaphone for Musk, who constantly shared his support for Trump during the election season. The social media site, which recently relocated its San Francisco headquarters to Texas, doesn’t appear to have any federal government contracts, but X could benefit from policy changes that affect its rivals such as Meta and TikTok. Musk, who has declared himself a “free speech absolutist,” recently shared an old Trump video with the words “YES!” In the video from 2022, Trump says he would change Section 230, a law that shields platforms from liability for user-generated content. Platforms would qualify for immunity only if the companies “meet high standards of neutrality, transparency, fairness and nondiscrimination,” Trump said. Fed up with Los Angeles traffic, Elon Musk launched The Boring Co. with two tweets in 2016, promising “to build a tunnel boring machine and just start digging.” The Bastrop, Texas, company, formerly headquartered in Hawthorne, has completed a 1.7-mile loop under the Las Vegas Convention Center and is building a larger citywide loop — both without federal funding. Projects in some other cities didn’t get past the proposal stages. However, at Trump’s urging, congressional representatives could earmark local transportation projects to the benefit of Boring Co., though the company would still have to compete to win them, said Greg Griffin, a former urban planning professor at the University of Texas at San Antonio, who studied that city’s proposed Boring Co. project. Controlling robotic limbs. Seeing without eyes. Those are the kinds of miraculous advances Musk’s Neuralink startup has been trying to achieve. The Fremont, California, company he co-founded in 2016 doesn’t receive federal money, but its technology and clinical trails are regulated by the Food and Drug Administration. The more hands-off approach favored by Trump could aid such medical device developers. “We’re concerned that regulation in general in the FDA will be weakened under the second Trump administration, and particularly concerned about medical devices,” said Dr. Robert Steinbrook, health research group director for the consumer rights group Public Citizen. Get local news delivered to your inbox!Symphony Financial Ltd. Co. Has $26.09 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

n the Eastern Tropical Pacific, a network of underwater highways, known as swimways , serves as critical migration routes for endangered marine species like green sea turtles, leatherback sea turtles, whale sharks, scalloped hammerhead sharks, silky sharks, and more. These species navigate between marine reserves like Costa Rica’s Cocos Island National Park and Ecuador’s Galapagos Marine Reserve , both recognized as UNESCO World Heritage Sites. While these sanctuaries offer safe havens, the journey between them is fraught with danger. As soon as these animals leave the boundaries of these protected areas, they are exposed to the high-risk, unregulated expanse of the open ocean. Here, industrial fishing activities pose severe threats, leaving these species vulnerable to injury, capture, and even death. Scientists and conservationists are sounding the alarm, urging the governments of Costa Rica and Ecuador to collaborate and fully protect the Cocos-Galapagos Swimway , a crucial marine corridor for the survival of these iconic species. Swimways are essentially underwater migratory routes that marine animals follow during different life stages. For species like green and leatherback sea turtles , these pathways are critical for traveling between feeding and nesting grounds. Sharks, including the endangered scalloped hammerhead and silky sharks , use these routes for reproduction and accessing food sources. The Eastern Tropical Pacific’s swimways are some of the most biologically rich corridors on the planet. Protecting them is not just about saving individual species—it’s about preserving the delicate balance of marine ecosystems. The moment these animals venture beyond the borders of Cocos Island National Park or the Galapagos Marine Reserve , they are left defenseless against the dangers of industrial fishing. Practices like longline fishing and trawling often result in bycatch, where non-target species, including endangered turtles and sharks, are inadvertently caught and discarded. The combination of these threats significantly impacts the populations of marine species and undermines the ecological integrity of the region. In recent years, Ecuador has made commendable strides to protect its portion of the Cocos-Galapagos Swimway . By expanding the protected area surrounding the Galapagos Marine Reserve , the Ecuadorian government has set an example of proactive conservation. Costa Rica, however, has yet to follow suit. Despite being home to Cocos Island National Park , which is often referred to as the “crown jewel” of marine biodiversity, Costa Rica has not extended protections to the swimway that connects it to the Galapagos. This gap in protection leaves migratory species vulnerable during one of the most dangerous stretches of their journey. Conservationists are calling on Costa Rica to close this loophole and take responsibility for its critical role in safeguarding these species. The Cocos-Galapagos Swimway is a lifeline for countless endangered species. Protecting it would ensure that these animals can migrate safely between feeding and breeding grounds without falling victim to industrial fishing. Costa Rica has long been celebrated as a leader in environmental protection. Taking decisive action to protect this swimway would solidify its reputation and complement international efforts to combat biodiversity loss. Marine conservation isn’t just about saving wildlife—it also drives tourism. Dive tourism, for example, is a significant revenue stream for Costa Rica. Protecting sharks and turtles ensures the long-term sustainability of this industry. To address the glaring gap in protection, Costa Rica must: Modern technology can play a significant role in protecting swimways. Satellite tracking and tagging of marine animals provide valuable data on their migration patterns, helping to identify hotspots that require immediate attention. Drones and remote surveillance can be deployed to monitor illegal fishing activities in real time. The loss of biodiversity in the oceans affects everyone, whether you live on the coast or far inland. Healthy marine ecosystems regulate the climate, support fisheries, and provide countless economic and recreational benefits. Failing to protect the Cocos-Galapagos Swimway would not only accelerate the decline of endangered species but also undermine the ecological health of the entire Eastern Tropical Pacific. ________________________________________________________________________________________________________________ Costa Rica has a global reputation as a leader in conservation, but its hesitance to protect the Cocos-Galapagos Swimway risks tarnishing that legacy. By taking bold action to collaborate with Ecuador and extend marine protections, Costa Rica can ensure that its waters remain a haven for endangered species and a treasure for future generations. The time to act is now. Protecting the Cocos-Galapagos Swimway is not just a moral imperative—it’s an ecological necessity.

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