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Dodgers’ Roki Sasaki back to 100 mph thanks to curated strength program (and Justin Bieber)
Ciara reacts to husband Russell Wilson’s NFL retirement announcement after 14 seasons
Ciara reacts to husband Russell Wilson’s NFL retirement announcement after 14 seasons
Constellation's Three Mile Island Nuclear Restart Gets Boost With FERC Waiver
By Ethan Howland of UtilityDive
Constellation Energy’s plans to restart the Crane nuclear power plant - formerly, and better known as Three Mile Island Unit 1 - were boosted Monday when the Federal Energy Regulatory Commission approved a waiver for the company from PJM Interconnection rules. FERC approved Constellation’s waiver request over the objections of PJM’s independent market monitor.
Under the decision, Constellation will be able to transfer 760 MW of Capacity Interconnection Rights, or CIRs, from its Eddystone power plant near Philadelphia to the Crane unit. The transfer will increase the amount of electricity the nuclear unit can deliver to the grid.
Constellation Energy’s Three Mile Island nuclear power plant near Middletown, Pa. The company’s plans to restart the plant’s Unit 1 were boosted when the Federal Energy Regulatory Commission approved a waiver for the company from PJM Interconnection rules on June 1, 2026.Constellation planned to retire two Eddystone units on May 31, 2025, but the Department of Energy has ordered the company to them to keep running under what the DOE has described as an emergency energy shortage.
Under the DOE’s orders, the Eddystone units are not considered capacity resources, making their CIRs free to be transferred, according to Baltimore-based Constellation.
Constellation’s $1.6 billion plan to restart the 835-MW Crane nuclear unit hit a snag when PJM determined that transmission upgrades were needed to safely deliver all the unit’s power to the grid.
Those upgrades — including 765-kV and 500-kV projects — aren’t expected to be finished until December 2030 and could be delayed even longer, preventing full deliveries from the nuclear unit, which could restart in the second half of 2027, Constellation said in its March 31 waiver request at FERC.
Constellation’s request met FERC’s criteria for granting waivers, including that it solves a concrete problem, according to the agency.
“The requested waiver will allow for the transfer of CIRs between the Eddystone units and Crane, which may reduce or eliminate the number of Contingent Facilities for Crane and thereby potentially increase Crane’s interim deliverability and enable Crane to be fully operational before December 31, 2030,” FERC said.
Also, granting the waiver will not have undesirable consequences, such as harming third parties, FERC said.
“Rather, the requested waiver will provide a more efficient use of CIRs due to the Eddystone units’ current inability to use their CIRs as a result of DOE orders requiring them to operate as energy-only resources,” FERC said.
Constellation has a 20-year deal to sell all the energy, capacity and clean energy attributes from the nuclear unit to Microsoft for data centers across PJM’s Mid-Atlantic and Midwest footprint.
In its waiver request, Constellation said that reaching full deliverability status was especially important for the Crane unit. If run for extended periods below their rated power output, the equipment in nuclear units face risk of elevated vibration and wear, which can pose reliability problems, according to the independent power producer.
Tyler Durden Thu, 06/04/2026 - 07:20Massive inferno tears through historic New York psychiatric center
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Since 2022 Just A Handful Of Countries Have Driven All Sovereign Gold Demand
The 2008 financial crisis marked a structural shift in central bank behaviour
Back in January, UBS showed that most of last year’s increase in gold prices was driven by US policy shocks boosting private demand.
The bulk of the gold price increase last year can be attributed to US policy shifts: UBSRunning in parallel, however, has been a more gradual but persistent rise in official sector gold holdings. A common narrative, one which was started largely on this website, is that this shift began with the Russia–Ukraine conflict, when the freezing of Russia’s foreign exchange reserves heightened incentives for countries to diversify into assets such as gold. (Russia, for example, confirmed in 2021 that its gold reserves are fully held domestically.)
While that is true, UBS chief economist Arendy Kapteyn notes that the true turning point in official sector gold demand came well before 2022. The increase in official sector gold holdings began around the global financial crisis in 2008, not in 2022 (roughly 85% of the increase occurred between August 2008 and February 2022, and about 15% since then).
While sanctions risk has clearly accelerated and reinforced the trend - Russia also stepped up purchases after Crimea in 2014 - but it is likely not the root cause. As highlighted in this IMF paper, the GFC led emerging markets to reassess the safety of advanced-economy assets, given stresses in banking systems and sovereign balance sheets, making gold an attractive hedge.
At the same time, rapid reserve accumulation in the 2000s left many countries heavily exposed to a narrow set of “safe” assets, raising both concentration and correlation risks. In addition, post GFC policies (QE and ultra-low yields) sharply reduced the opportunity cost of holding gold.
What is perhaps most notable is how concentrated - across a universe of roughly 200 countries - the buying has been. Between 2008 and 2022, just six countries — Russia, China, Turkey, India, Poland, and Kazakhstan — accounted for almost the entire increase in official gold holdings. But since 2022, a slightly different group — China, Poland, India, Iraq, Czechia, and Qatar — has driven essentially all net purchases.
See here and here for more detail, for pro subs.
Tyler Durden Thu, 06/04/2026 - 06:55Humanoid Robots Remain Years Away From Replacing Human Workers
Authored by Stephen Katte via Cointelegraph,
AI robotics company Figure posted several videos on X throughout May showcasing its robots performing basic tasks, including cleaning a room and sorting packages.
Modern artificial intelligence-powered robots are impressive in their capabilities, but are still years away from replacing humans as they can't yet adapt to changing conditions, researchers say.
Last month, AI robotics company Figure showcased its humanoid robots performing basic tasks, such as cleaning a room, but a series of robots working for nine days straight sorting packages sparked conversation about how soon robots could replace jobs.
Welcome to Day 9 of our humanoid livestream: 191 consecutive hours and 238,000 packages.
- Figure (@Figure_robot) May 21, 2026Oliver Obst, an associate professor of robotics at the Australia based University of New South Wales, told Cointelegraph that repetitive jobs such as physical work in structured environments are currently most at risk of being replaced by robots, while administrative and document-processing tasks could be replaced by AI.
There has been growing concern that AI and robots will replace people in jobs as technology advances. A report in May from workforce consulting firm Challenger, Gray and Christmas found that US companies have laid off an estimated 49,135 people in 2026 due to AI.
However, Obst said that humanoid robots are unlikely to see a mass rollout soon because they don't appear to be more efficient or less error-prone than current robotic manufacturing methods.
"Even in relatively structured settings, they still face problems with reliability, speed, safety, cost, and recovery from unexpected situations," he said. "The harder the environment is to control, the harder the robotics problem becomes. Most human jobs involve more variation and more judgment than the package-sorting demonstration."
"I would not say we are at the point of mass replacement by humanoid robots. We are much closer to the selective automation of some tasks. AI software is moving faster and is already affecting some forms of information work, but physical robots still have a much harder problem to solve."
In another video in May, a human worker managed to sort more packages compared to a team of Figure's robots, which swapped out when needing a recharge. Figure CEO Brett Adock said it would be the last time "a human will ever win."
Congrats to Aime!! He said his left forearm is basically broken. Final scores: F.03: 12,732 packages (2.83 seconds/package) - Aime: 12,924 packages (2.79 seconds/package). This is the last time a human will ever win.
- Brett Adcock (@adcock_brett) May 17, 2026 People Still Better Than Bots In Some AreasMarkus Levin, co-founder of decentralized data network XYO, said AI models and automation software can perform repetitive tasks with far greater consistency and endurance than humans; however, robots still require charging, maintenance and supervision.
A report in September from the International Federation of Robotics found that global demand for factory robots has doubled over the last decade, with warehouses and logistics among the fastest-growing areas of adoption.
"I believe broad human replacement is still likely years away," Levin added, "Reliability, safety, regulation, infrastructure costs, and trust remain major barriers to full-scale deployment across society. The challenge is no longer simply making machines capable of acting but ensuring they can operate safely and reliably as they take on greater autonomy."
Dr Francisco Cruz Naranjo, a senior lecturer at the University of New South Wales with a PhD in robotics, said the efficiency of robots compared to people depends heavily on the activity and the environment.
"Robots are much better at repetitive tasks without the need for constant pauses, as showcased in the Figure livestream. However, in highly dynamic environments, robots still struggle to quickly adapt to changing conditions," he said.
"Humans, in this case, are much better. This is precisely why robots at the moment are highly efficient in controlled environments, such as factories, but they have not yet succeeded widely in home settings."
Naranjo said repetitive jobs performed in a less static setting are at risk of being replaced by robots, but it will depend on how quickly research advances and how quickly society adapts in areas like making spaces robot-friendly, which is likely years away.
Robots In Society Could Be BeneficialNaranjo and Obst said that a mass rollout of robots in the workforce could be of some benefit, such as improving work-life balance, increasing the workforce in areas with shortages, and addressing dangerous environments that are too risky for humans.
"The social question is harder. If robots make dangerous work cheaper in human terms, that can be good. But it can also have unintended consequences. For example, keeping humans out of harm's way in military operations may save lives, but it could also lower the perceived cost of conflict," Obst said.
"Hypothetically, if we became very successful at automating almost all work, then society would need to rethink economies that are currently built around individual wages and employment."
Tyler Durden Thu, 06/04/2026 - 06:30