U.S. IRA Influence Boosts Tax Credit Trading Market

TL/DR - The market for trading tax credit rights is growing due to the US Inflation Reduction Act (IRA), with the sale of tax credits to third parties being termed a "game changer". Global investment advisor Evercore ISI estimates tax credits on the market will reach $47 billion this year, potentially exceeding $100 billion by 2030. The IRA has…

Biden Administration Proceeds with $1 Billion Arms Deal to Israel

TL/DR - The Biden administration has notified Congress of its intent to sell over $1 billion worth of new weapons to Israel, which includes tactical vehicles and ammunition. The announcement comes as Biden has halted a shipment of bombs to Israel, aiming to prevent American-made weapons from being used in a potential invasion of Rafah in southern…

Life-Threatening Storms Cause 4 Deaths in Houston, Texas

TL/DR - A storm system wreaked havoc in Houston, Texas, causing at least four deaths, massive power outages, and life-threatening flooding. The intense conditions resulted in over one million homes and businesses across Texas and Louisiana losing power, and has led to numerous damage reports across the city. The storm, which brought…

Tragic Phoenix Blaze Claims Lives of 2 Beloved Pets

TL/DR - A fire broke out at a residence in west Phoenix, resulting in the death of two pets, a dog and a cat. The Phoenix Fire Department responded to reports of a fire around 6:30 p.m. at 59th Avenue and Thomas Road, where they found heavy flames and smoke coming from the backyard. The fire caused extensive damage to the backyard and patio, and…