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NEWS - WEDNESDAY, MAY 22, 2024 - NEWS
More fast-food chains, discount retailers are cutting prices as budget-conscious consumers balk at high prices, hurting sales. CBS
VOA VIEW: Let see what the real picture looks like.
The Justice Department called the site on the dark web "one of the largest illegal narcotics marketplaces on the internet." CBS
Airline carriers have been shrinking seats for years, prompting Congress in 2018 to order the FAA to set new standards to ensure passengers can evacuate in 90 seconds or less, but their testing was widely criticized. Now, as part of the FAA reauthorization bill signed into law, Congress is demanding a do-over. CBS
VOA VIEW: They are already too small.

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President Biden sharply criticized the request for a war crimes arrest warrant for Israeli Prime Minister Benjamin Netanyahu along with the leaders of Hamas. The president called the move by the International Criminal Court "outrageous," saying there's no equivalence between Israel and the militant group. CBS
VOA VIEW: A proper move - it may change tomorrow.
Prosecutors allege 18 Republican leaders and activists conspired to try tipping Arizona's electoral college votes to former President Donald Trump. The Democratic state attorney general has charged them with fraud, forgery and conspiracy. Some of those charged include Mark Meadows, Rudy Giuliani and John Eastman. CBS
VOA VIEW: The Dems continue their madness.
A recent report detailing a toxic culture at the FDIC described Chair Martin Gruenberg as having a "temper" and a "short fuse." CNBC
VOA VIEW: The Biden administration is breaking up.
Donald Trump could be getting a fundraising boost from his hush money trial. CNBC
VOA VIEW: Only Trump can make a bad into a good.
The University of Michigan confirmed that police cleared an encampment of anti-Israel protesters from the Central Campus on Tuesday morning. FOX News
VOA VIEW: Good!
President Joe Biden is traveling to New Hampshire on Tuesday to detail the impact of a law that helps veterans get key benefits as a result of toxic exposure. FOX News

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The Federal Railroad Administration finalized new federal certification rules for signal repairmen and train dispatchers, which will set minimum standards and ensure workers have the skills they need. FOX News
The Justice Department is suing two Christian anti-abortion organizations and seven of its members on allegations of blocking access to two northeast Ohio reproductive health clinics in June 2021. UPI
VOA VIEW: The Biden admin is gone mad.
Two conservative Republican senators on Monday introduced a bill which seeks to protect access to in vitro fertilization, known as IVF, after a past effort by Senate Democrats failed in February. UPI
VOA VIEW: Let it proceed.
Israel's Prime Minister Benjamin Netanyahu reacted with fury to a request by the International Criminal Court's chief prosecutor for warrants to arrest him and Defense Minister Yoav Gallant for alleged war crimes in Gaza UPI
VOA VIEW: As he should.

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The Georgetown Law Center on Privacy & Technology said the rise in DNA collection raises questions about whether immigrants' privacy rights are being violated. LA Times
Jack Smith, the special counsel investigating former President Donald Trump, suspected he was making additional efforts to obstruct the government's probe into his handling of classified documents kept at his Mar-a-Lago estate. Newsmax
VOA VIEW: Smith is an idiot.
Former New York City Mayor Rudy Giuliani pleaded not guilty Tuesday to nine felony charges stemming from his alleged role in an effort to overturn Donald Trump's 2020 election loss in Arizona to Joe Biden. Newsmax

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Given a choice between granting amnesty to illegal immigrants and deporting all of them, 52% would vote for the candidate who favored deportation, 36% would vote for the candidate who favored amnesty, and 12% are undecided. Newsmax
VOA VIEW: All illegal migrants should be deported and receive no financial benefits.
Independent candidate for president Robert F. Kennedy Jr. said he would give Black farmers $5 billion in reparations. Newsmax
VOA VIEW: RFK is acting like idiot.
House Speaker Mike Johnson's strategy to maintain Republican unity after the failed motion to vacate by dividing Democrats continues to play out well on the issue of cryptocurrency, Politico reported. Newsmax
VOA VIEW: May not be a viable option.
WASHINGTON — The Biden administration announced Tuesday that it will sell off 1 million barrels of gasoline held in case of emergencies — with the Energy Department explicitly citing an interest in keeping gas prices low over the summer driving season ahead of the November election. New York Post
VOA VIEW: Biden is depleting emergency reserves to next to nothing.
"I DO NOT SUPPORT A BAN ON BIRTH CONTROL, AND NEITHER WILL THE REPUBLICAN PARTY!" Trump declared on Truth Social. New York Post
VOA VIEW: Smart move.

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The White House suspended a secret mission to transfer detainees to Oman in October after Congress members expressed concerns about Middle East instability. New York Times
Moscow has said the exercise is a response to “provocative statements and threats of individual Western officials.” New York Times
VOA VIEW: Putin may be starting something he cannot stop and win.

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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
May 22, 2024

      A new study out of the Texas Public Policy Foundation, which has received contributions from oil giants Exxon and Chevron, finds that the actual hidden costs of fueling an electric vehicle, which some allege equates to $1.21 per gallon of gas, is more like $17 per gallon — all things considered.  It may be a  little higher.

     In their paper "Overcharged Expectations: Unmasking the True Costs of Electric Vehicles," the study's authors, Brent Bennett and Jason Isaac, ostensibly argue that while the direct cost of "fueling up" to an EV owner may appear low, the real costs and considerations add up to be significantly more.

     "EV advocates claim that the cost of electricity for EV owners is equal to $1.21 per gallon of gasoline (Edison Electric Institute, 2021)," the authors contend, "but the cost of charging equipment and charging losses, averaged out over 10 years and 120,000 miles, is $1.38 per gallon equivalent on top of that. Adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline."

    The paper goes on to assert that the U.S. government uses regulatory standards, mainly Corporate Average Fuel Economy (CAFE) and Greenhouse Gas (GHG) emissions standards, to indirectly finance the growth of EVs. These standards force automakers either to comply, often by selling more EVs, or to buy credits from those who do, adding hidden costs to traditional gas and diesel vehicles.

     "When we pay for a gallon of gasoline," they continue, "we are paying for the entire infrastructure to refine, transport, and market that gasoline. When an EV owner connects to the electric grid, how much are they paying for the extra generation, transmission, and distribution costs that they are imposing on the grid, and will those embedded costs rise over time?"

     Answering this, the authors conclude, "The stark reality for proponents of EVs and for the dreamers in the federal government, who are using fuel economy regulations to force manufacturers to produce ever more EVs, is that the true cost of an EV is in no way close to a comparable ICEV [internal combustion engine vehicle].