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India will tax cryptocurrency to pay for infrastructure, Texas stares down a winter storm, and extra


Good afternoon and welcome again to a different information roundup. As a lot of the U.S. prepares for one more deluge of maximum winter climate, will Texas be prepared this time or will the identical disaster of governance that performed out final winter repeat itself?

Right here’s what it is advisable know:

India will tax cryptocurrency to shore up infrastructure spending

With the Indian economic system nonetheless flagging underneath COVID, Prime Minister Narendra Modi has put forth an formidable infrastructure bundle that features $2.7 billion for brand new highways and $6.4 billion for reasonably priced housing. Main boosts to solar energy and 400 new electrical trans have additionally been promised, and the federal government is trying to make up among the value by imposing a brand new 30 p.c earnings tax on cryptocurrency.

H/t to ABC Information

With a serious winter storm bearing down on Texas, will the facility grid maintain this time?

Two-thousand miles of icy winter climate is staring down the U.S. on the time of writing, with inches, if not ft, of snow anticipated from Colorado to the Midwest. However the greatest query is that, if one yr after main energy outages hit Texas and knocked its famously remoted electrical grid offline, the state can keep away from repeating the errors of 2021.

In response to Gizmodo, Governor Greg Abbott mentioned that the state can’t assure that there gained’t be energy outages, a few month after he promised that that wouldn’t be the case. Whereas the temperatures gained’t get as little as they did final February or keep that approach for as lengthy, heavier snow and ice may nonetheless disrupt bodily energy traces somewhat than presenting the overdrawn grid and pure fuel shut-offs we noticed final time.

H/t to Gizmodo

Cornell College is drilling a ten,000-foot gap to kick off its geothermal plans

Talking of vitality, come Might 2022, Cornell College will start its plans to drill a ten,000-foot-deep gap on its Ithaca campus as the primary section of its Earth Supply Heating mission. As a part of the college’s plan to get the campus to carbon-neutral by 2035, the Earth Supply Heating mission will hopefully present the college’s tutorial buildings with geothermal heating and cooling. The opening—named the Borehole Observatory—will assist decide how a lot geothermal warmth will be extracted and whether or not it’s enough for the college’s wants.

H/t to The Cornell Every day Solar

A Paul Rudolph house is offered ten months after being listed as an NFT

Ten months in the past, AN reported on the curious case of the Edersheim Residence at 862 Fenimore Highway in Larchmont, New York, a house closely modified by Paul Rudolph in 1982, ’89, and ’91 that was up on the market as the primary real-world actual property NFT. After a intestine renovation in 2020 that modernized the home and added photo voltaic panels, geothermal era, extra environment friendly home windows, and improved wall insulation, the 9,000-square-foot dwelling was listed for $6.4 million that August by Houlihan Lawrence.

It didn’t promote, and to drum up curiosity, the true property company then listed the historic home as an NFT on crypto artwork market OpenSea (however with precise homeownership rights connected, not only a jpeg of the home).

Now the home has lastly offered, based on the nonprofit Paul Rudolph Heritage Basis, however particulars stay scant. OpenSea doesn’t report a sale, and each the Paul Rudolph Heritage Basis’s website with particulars and the one made for the Edersheim Residence to indicate off the renovation and lure in potential consumers have been deleted.

Jeff Bezos’s Nationwide Air and Area Museum reward got here with uncommon naming rights

Amazon founder and billionaire Jeff Bezos gifted the Smithsonian $200 million for a Nationwide Air and Area Museum overhaul in July of final yr, and now new particulars have come to gentle about particular concessions that the establishment made to seemingly see the deal alongside. $70 million of that complete will go in the direction of the $1 billion renovation underway on the 45-year-old museum, and the remaining $130 million goes towards the creation of the Bezos Studying Middle, which is able to present academic alternatives for college kids in STEAM fields.

In response to Hyperallergic, the settlement between Bezos and the Smithsonian lacks a “morals clause,” a typical out that might enable the establishment to take away Bezos’s title from its buildings sooner or later if he did something that tarnished his public picture. Bezos’s title will seem in three locations on the Bezos Studying Middle for the subsequent 50 years, despite the fact that the Smithsonian purposefully restricted naming rights to solely 20 years in 2011.

H/t to Hyperallergic



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