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• Comment Link Saturday, 02 August 2025 07:50 Jameskew

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• Comment Link Saturday, 02 August 2025 04:40 RobertoFew

  Sky-gazers may get a good chance to see fireballs streak across the night sky this week. Two meteor showers — the Alpha Capricornids and Southern Delta Aquariids — will reach their peak and another is ramping up.
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  The Alpha Capricornids meteor shower, which is best known for producing very bright meteors called fireballs that may look like shooting stars, will be most visible at 1 a.m. ET Wednesday, according to Robert Lunsford, fireball report coordinator for the American Meteor Society. Its radiant — the point at which the meteor streaks seem to originate — is in the Capricorn constellation.
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  The Alpha Capricornids are visible all over the world but are usually best seen from the Southern Hemisphere, in places such as Australia and Africa, according to Bill Cooke, the lead for NASA’s Meteoroid Environments Office. These meteors are expected to appear at a rate of three to five per hour. If you are viewing from the Northern Hemisphere, keep your eyes low along the southern sky to catch a glimpse.
  
  If you stay up later, you’ll be able to see the Southern Delta Aquariids reach peak activity at 3 a.m. ET on Wednesday, said Lunsford. The Southern Delta Aquariids, which also are most visible in the Southern Hemisphere, make for a stronger shower than the Capricornids; people located in parts of the Northern Hemisphere such as the US can expect to view up to 10 to 15 meteors per hour, while those in the Southern Hemisphere may see 20 to 25 per hour.
  The Aquariids appear to stream from the southern part of the Aquarius constellation, which is around 40 degrees east of the Capricorn constellation, according to Lunsford: “They’re going to kind of do a battle, shooting back and forth at each other.”
  
  Both showers will be visible through August 13, though there is some disagreement about the date on which their peaks will occur. While experts at the American Meteor Society say peak activity will occur Tuesday night into early Wednesday morning, those at NASA say it will happen Wednesday night going into Thursday.
  
  “The time of a meteor shower peak is not constant from year-to-year. It can vary by plus or minus a day or two,” Cooke said.
  
  But missing the peak, according to Lunsford, is nothing to fret about. “It’s not a real sharp peak …You can go out (on) the 31st or the 29th and see pretty much the same activity.”
  
  For the best viewing, avoid areas with bright lights and objects that could obscure your view of the sky, such as tall trees or buildings. Picking a spot with a higher altitude, like a mountain or hill, may make it easier to spot these showers.
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• Comment Link Saturday, 02 August 2025 04:16 Thomasabold

  Job losses
  But what about the impact of tariffs on job creation? Surprisingly, an increase in import taxes has been found to result in slightly more unemployment across countries.
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  An example provided by Irwin at Dartmouth College points to one plausible explanation — and it has to do with the steeper cost of imported goods.
  
  “A number of studies have shown, on net, we lost jobs from the (2018) steel tariffs rather than gained jobs because there are more people employed in the downstream user industries than in the steel industry itself,” he said.
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  A study by the Federal Reserve Board found that a rise in input costs resulting from US tariff hikes in 2018-19 led to job losses in American manufacturing. The damage from those higher expenses was compounded by retaliatory taxes on US exports, more than offsetting a small boost to manufacturing employment from US tariffs — at least so far, the 2024 paper said.
  
  Retaliation by other countries is indeed another danger of pulling the tariff lever. Higher tariffs on American exports would typically raise their prices for foreign consumers, hitting demand for the goods in many cases.
  
  When Trump announced new tariffs this year, America’s major trading partners were quick to strike back with their own levies, although the US then agreed a temporary truce with China and the European Union.
  
  Costs of free trade
  While economists generally agree that free trade has benefited the global economy in recent decades, they acknowledge that it comes with certain costs.
  
  One is the loss of jobs in communities that are particularly exposed to new competition from foreign manufacturers.
  
  That is similar to the impact of technological progress on workers. “Manufacturing jobs as a share of the labor force have come down everywhere. It isn’t a US-specific story,” said Gimber at JPMorgan Asset Management, pointing to automation.
  
  He drew a parallel between helping workers affected by higher imports and what is known as a just transition — the idea that the drastic changes needed to move toward a greener economy should be fair to everyone and minimize harm to workers and communities.
  
  In both cases, providing workers in impacted industries with new skills or retraining them could be key, Gimber said.
  
  Another potential cost of free trade is dependency on far-flung manufacturers. That took on new relevance during the pandemic, which snarled global supply chains, contributing to shortages of products such as face masks and respirators in the US and elsewhere.
  
  However, economists do not typically see tariffs as a good way to build up domestic manufacturing, Fatas at INSEAD said, noting that subsidies for specific industries are viewed as a better tool “because they work more directly.”
  
  But perhaps the strongest argument in favor of free trade is its importance to maintaining peace between nations.
  
  As Gimber’s colleague David Kelly noted in March, closer trade relations give countries more to lose in any conflict.
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