Wednesday, May 6th Edition

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Today’s Big Story

The Electric Gap

 

It’s the age of electricity and some say America isn’t ready

 

Power is at the center of all of our lives now, right? It keeps our air conditioned in the midst of climate change. It keeps our “smart” appliances chugging along and, well, we know the panic that sets in when our phones get that 10% battery warning.

But the more things we plug into our aging power grid, the more strained it becomes. And electricity use in the U.S. is rising for the first time in more than a decade. The surge in data centers are something of a wake-up call, many experts say. What happens with the grid can’t keep up?

On the bright side, the new demand could fuel the kind of investment that the grid has needed for years. Virtually every economic goal that American politicians might strive for—growing the economy, reinvigorating the manufacturing sector, fighting climate change or just making life more affordable—will require these massive upgrades to the electricity system.

But if you want to fix the grid, you first have to understand it. The place to start is your electricity bill. According to the New York Times, prices have shot up over the last five years (and they’re expected to keep rising). Electricity is already the second biggest energy expense on average that Americans pay each year, second only to gasoline.

But that’s not the whole story. There is another driver of high prices that has little to do with electrical demand. America doesn’t have a single national power grid; instead, electricity is generated and transmitted through three regional grids, delivered to homes and businesses by one of several thousand local utilities. And natural disasters have driven the worst of these costs. After California’s power grid ignited several deadly fires in the last decade, the state undertook a costly process to lay underground lines, install weather stations and build automatic shut-off equipment to prevent future blazes. The South, meanwhile, has had to rebuild parts of its grid after extreme storms destroyed large swaths of it. But every state will have to rebuild swaths of its grid soon. Much of America’s distribution equipment is decades old and would be nearing the end of its life around now anyway.

 
FYI:

The U.S. electricity system is a massive, evolving network primarily powered by natural gas (43%), renewables (21%), and nuclear energy (19%) as of 2023, with coal usage decreasing to roughly 16%.

Trump Suspends Hormuz Operation

 

The Pentagon touted the mission on Tuesday, only for the president to abruptly halt it

President Trump put Project Freedom on pause Tuesday night, announcing that the U.S. and Iran have made “Great Progress” toward a final agreement. He said he made the decision at the request of Pakistan, which has helped mediate negotiations. Secretary of Defense Pete Hegseth said Tuesday the U.S.-Iran ceasefire “certainly holds” for now.

The operation to “guide” ships through the Strait of Hormuz, which was launched Monday, led to an exchange of fire between the U.S. and Iran and to Iranian missile attacks on the United Arab Emirates for the first time since the ceasefire was announced a month ago.

Sure, it’s a little confusing. The Washington Post reports that Secretary of State Marco Rubio, addressing reporters from the White House, said the administration had moved past Operation Epic Fury. The White House has argued that it ended the operation in April, short of the deadline set under the War Powers Resolution, the law that aims to constrain a president’s military powers.

 
Meanwhile:

The United Arab Emirates said Iran launched a missile and drone attack on the Gulf nation for a second consecutive day Tuesday after Iran fired 15 missiles at the UAE.

Partner

The Smartest Mother’s Day Gift? Better Sleep

SNOO Smart Sleeper bassinet, $1,695 / $1,440.75

For the mom who’s running on fumes (and doing it beautifully), Happiest Baby’s Mother’s Day sale is less about splurging and more about survival—with a little luxury baked in. Built around the brand’s cult-favorite sleep solutions, from the app-connected SNOO Smart Sleeper to its lineup of swaddles and organic bedding, everything here is designed to do one thing: help babies sleep better so parents can, too . Whether you’re gifting a new mom, upgrading your own setup, or finally pulling the trigger on that sanity-saving bassinet, consider this a practical indulgence that pays off nightly.

 

Clockwise, from top left:

Sleepea 5-Second baby swaddle, $29.95 / $22.46; SNOObie Smart Soother, $69.95 / $52.46; SNOO Organic sleep comforter sack, $44.95 / $33.71; SNOO Organic bassinet fitted sheet, $19.95 / $14.96; SNOObear 3-in-1 White Noise Lovey, $55.95 / $44.95

 
Explore:
 
Great gift ideas for mom and baby

The ‘Man Band’ Era Is Here

 

Adults are paying up to see their favorite grown-up boy bands this summer

There’s something really satisfying about spending your adult money on stuff you couldn’t afford when you were a kid. Case in point: The Wall Street Journal has declared this summer the “man band summer.” The pop boy bands that ruled during the reign of TRL have dusted off their dancing shoes and are back on stage.

The Backstreet Boys are no longer boys—the oldest, Kevin Richardson, is 54, and the youngest, Nick Carter, is 46—but they’re commanding thousands of dollars from now-grown-up fans for tickets and travel. The group’s residency last summer at the Sphere in Las Vegas grossed more than $55 million on ticket sales, according to Billboard Boxscore. They revived not only their careers, but the “dying Vegas” nightlife, too.

Also on the road is NKOTB (formerly New Kids on the Block), whose ages range from 53 to 57, which isn’t stopping them from playing 16 dates at the Park MGM in Vegas, from June 19 to late October. The Jonas Brothers, all in their 30s, are at festivals, arenas and casinos from Latin America to, yes, Vegas. Take That, three singers in their 50s, are headlining 17 nearly sold-out U.K. stadiums. New Edition and Boyz II Men, also fiftysomethings, wrapped up their three-month arena tour in April, and Boyz II Men are touring on their own from July to October, including four Vegas dates in August.

 
Dig Deeper:

NSYNC’s Joey Fatone executive produced the new series 'Boy Band Confidential,' which featured interviews with former members of the biggest groups of the time.

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Today’s Member Extras

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Business & Finance Debriefing

The Trends You Need to Know About Right Now

 

As workers worry about AI, Nvidia’s CEO Jensen Huang says AI is actually “creating an enormous number of jobs.” On the other side of the coin, there’s one job in tech that’s the most layoff-prone right now.

 

Today on

 

Graduation gifts don’t have to be complicated. Stick to a few simple rules—make it meaningful, make it useful and make it feel just a little special—and you’ll land on something they’ll actually appreciate.

 
 

From sub-$100 barrel-leg jeans to 45% off a Braun rechargeable shaver.

 
Tip of the Day:

HIIT workouts deliver maximum fitness benefits in minimal time, and these apps make it dead simple to squeeze effective 10-30 minute sessions into any schedule.

Morning Motto

Do it for yourself.

 

Follow: @thomaslelu

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