Generational Crisis! Nearly A Third Of US Adults Under 35 Are Still Living With Their Parents

Scammers Demand Crypto From Stranded Ships In Strait Of Hormuz: Report Authored by Amin Haqshanas via CoinTelegraph.com, Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a warning saying unknown groups had contacted shipowners claiming to represent Iranian security services and requesting transit “fees” in Bitcoin or USDt in exchange for clearance through the strait, according to Reuters. “These specific messages are a scam,” Marisks reportedly said,...

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens By West Garrett of Industrial Sage Summary: Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, the specialized material transformers require Demand for generator step-up transformers has grown 274% since 2019, outpacing any increase in manufacturing capacity For industrial developers, equipment availability has replaced...