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1.
Alternatives are beginning to emerge for Lithium ion batteries
Lithium batteries are very difficult to recycle and require huge amounts of water and energy to produce. Emerging alternatives could be cheaper and greener.
In Australia's Yarra Valley, new battery technology is helping power the country's residential buildings and commercial ventures – without using lithium. These batteries rely on sodium – an element found in table salt – and they could be another step in the quest for a truly sustainable battery.
In sodium-ion batteries, sodium directly replaces lithium. Not unlike lithium-ion batteries, sodium batteries contain four main components – the anode, the cathode, an electrolyte and a separator. The state of the electrolyte varies depending on the manufacturer.
The sodium to lithium ratio in the earth's crust is 23,600 parts per million (ppm) to 20 ppm. The natural abundance of sodium leads to a much lower cost of extraction. Another factor for the sodium battery is that it can make use of other lower cost materials, replacing copper foils with aluminum foils, for instance.
2.
Covid changed how we spend: More YOLO splurging but less saving
Whatever you call it — doom spending, soft saving, YOLOing, “you only live once”— the coronavirus pandemic has changed the way Americans spend money. They are saving less but vacationing more, splurging on concerts and sporting events, and booking lavish trips years in advance. Spending on international travel and live entertainment surged roughly 30 percent last year, five times the rate of overall spending growth. Meanwhile, the personal savings rate is at lows not seen since the Great Recession.
Just like the Great Depression ushered in decades of frugality and austerity — with an entire generation reusing plastic bags, jam jars and aluminum foil — there are signs the coronavirus crisis has had the opposite effect: nudging Americans toward spending more, especially on experiences.
“When you live through a crisis, it gets ingrained in your brain,” said Ulrike Malmendier, a professor of behavioral finance at the University of California at Berkeley. “The official economic reports might say everything is coming back to normal, but we are different people than we were before the pandemic.”
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