WARNING: 110 Banks Preparing for Digital Dollar – 「September 10」

[Income Investing Insider]( A note from the Editor: At Income Investing Insider, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you’ll appreciate. User interface Main article: Car controls In the Ford Model T the left-side hand lever sets the rear wheel parking brakes and puts the transmission in neutral. The lever to the right controls the throttle. The lever on the left of the steering column is for ignition timing. The left foot pedal changes the two forward gears while the centre pedal controls reverse. The right pedal is the brake. Cars are equipped with controls used for driving, passenger comfort, and safety, normally operated by a combination of the use of feet and hands, and occasionally by voice on 21st-century cars. These controls include a steering wheel, pedals for operating the brakes and controlling the car's speed (and, in a manual transmission car, a clutch pedal), a shift lever or stick for changing gears, and a number of buttons and dials for turning on lights, ventilation, and other functions. Modern cars' controls are now standardized, such as the location for the accelerator and brake, but this was not always the case. Controls are evolving in response to new technologies, for example, the electric car and the integration of mobile communications. Some of the original controls are no longer required. For example, all cars once had controls for the choke valve, clutch, ignition timing, and a crank instead of an electric starter. However, new controls have also been added to vehicles, making them more complex. These include air conditioning, navigation systems, and in-car entertainment. Another trend is the replacement of physical knobs and switches by secondary controls with touchscreen controls such as BMW's iDrive and Ford's MyFord Touch. Another change is that while early cars' pedals were physically linked to the brake mechanism and throttle, in the early 2020s, cars have increasingly replaced these physical linkages with electronic controls. Electronics and interior Panel for fuses and circuit breakers Cars are typically equipped with interior lighting which can be toggled manually or be set to light up automatically with doors open, an entertainment system which originated from car radios, sideways windows which can be lowered or raised electrically (manually on earlier cars), and one or multiple auxiliary power outlets for supplying portable appliances such as mobile phones, portable fridges, power inverters, and electrical air pumps from the on-board electrical system.[57][58][a] More costly upper-class and luxury cars are equipped with features earlier such as massage seats and collision avoidance systems.[59][60] Dedicated automotive fuses and circuit breakers prevent damage from electrical overload. Lighting Main article: Automotive lighting Audi A4 daytime running lights Cars are typically fitted with multiple types of lights. These include headlights, which are used to illuminate the way ahead and make the car visible to other users, so that the vehicle can be used at night; in some jurisdictions, daytime running lights; red brake lights to indicate when the brakes are applied; amber turn signal lights to indicate the turn intentions of the driver; white-colored reverse lights to illuminate the area behind the car (and indicate that the driver will be or is reversing); and on some vehicles, additional lights (e.g., side marker lights) to increase the visibility of the car. Interior lights on the ceiling of the car are usually fitted for the driver and passengers. Some vehicles also have a boot light and, more rarely, an engine compartment light. Weight A Chevrolet Suburban extended-length SUV weighs 3,300 kilograms (7,200 lb) (gross weight).[61] During the late 20th and early 21st century, cars increased in weight due to batteries,[62] modern steel safety cages, anti-lock brakes, airbags, and "more-powerful—if more efficient—engines"[63] and, as of 2019, typically weigh between 1 and 3 tonnes (1.1 and 3.3 short tons; 0.98 and 2.95 long tons).[64] Heavier cars are safer for the driver from a crash perspective, but more dangerous for other vehicles and road users.[63] The weight of a car influences fuel consumption and performance, with more weight resulting in increased fuel consumption and decreased performance. The Wuling Hongguang Mini EV, a typical city car, weighs about 700 kilograms (1,500 lb). Heavier cars include SUVs and extended-length SUVs like the Suburban. Some places tax heavier cars more: as well as improving pedestrian safety this can encourage manufacturers to use materials such as recycled aluminium instead of steel.[65] It has been suggested that one benefit of subsidizing charging infrastructure is that cars can use lighter batteries.[66] [Video Preview]( Seating and body style See also: Car body style, Car classification, Truck classification, and Vehicle size class Most cars are designed to carry multiple occupants, often with four or five seats. Cars with five seats typically seat two passengers in the front and three in the rear. Full-size cars and large sport utility vehicles can often carry six, seven, or more occupants depending on the arrangement of the seats. On the other hand, sports cars are most often designed with only two seats. Utility vehicles like pickup trucks, combine seating with extra cargo or utility functionality. The differing needs for passenger capacity and their luggage or cargo space has resulted in the availability of a large variety of body styles to meet individual consumer requirements that include, among others, the sedan/saloon, hatchback, station wagon/estate, coupe, and minivan. Safety Main articles: Car safety, Traffic collision, Low speed vehicle, and Epidemiology of motor vehicle collisions Result of a serious car collision Traffic collisions are the largest cause of injury-related deaths worldwide.[10] Mary Ward became one of the first documented car fatalities in 1869 in Parsonstown, Ireland,[67] and Henry Bliss one of the US's first pedestrian car casualties in 1899 in New York City.[68] There are now standard tests for safety in new cars, such as the Euro and US NCAP tests,[69] and insurance-industry-backed tests by the Insurance Institute for Highway Safety (IIHS).[70] Costs and benefits Main articles: Economics of car usage, Car costs, and Effects of the car on societies Road congestion is an issue in many major cities (pictured is Chang'an Avenue in Beijing).[71] The costs of car usage, which may include the cost of: acquiring the vehicle, repairs and auto maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance,[9] are weighed against the cost of the alternatives, and the value of the benefits—perceived and real—of vehicle usage. The benefits may include on-demand transportation, mobility, independence, and convenience,[11] and emergency power.[72] During the 1920s, cars had another benefit: "[c]ouples finally had a way to head off on unchaperoned dates, plus they had a private space to snuggle up close at the end of the night."[73] Similarly the costs to society of car use may include; maintaining roads, land use, air pollution, noise pollution, road congestion, public health, health care, and of disposing of the vehicle at the end of its life; and can be balanced against the value of the benefits to society that car use generates. Societal benefits may include: economy benefits, such as job and wealth creation, of car production and maintenance, transportation provision, society wellbeing derived from leisure and travel opportunities, and revenue generation from the tax opportunities. The ability of humans to move flexibly from place to place has far-reaching implications for the nature of societies.[12] Environmental effects See also: Exhaust gas, Waste tires, Environmental effects of transport, Motor vehicle emissions and pregnancy, Noise pollution, Environmental aspects of the electric car, Vehicle recycling, and Externalities of automobiles close-up of 2 exhaust pipes with whitish smoke This exhaust gas is not the only car pollution Cars are a major cause of urban air pollution,[74] with all types of cars producing dust from brakes, tyres, and road wear,[75] although these may be limited by vehicle emission standards.[76] While there are different ways to power cars, most rely on petrol or diesel, and they consume almost a quarter of world oil production as of 2019.[47] Both petrol and diesel cars pollute more than electric cars.[77] Cars and vans caused 8% of direct carbon dioxide emissions in 2021.[78] As of 2021, due to greenhouse gases emitted during battery production, electric cars must be driven tens of thousands of kilometers before their lifecycle carbon emissions are less than fossil fuel cars;[79][80] however this varies considerably[81] and is expected to improve in future due to lower carbon electricity, and longer lasting batteries[82] produced in larger factories.[83] Many governments use fiscal policies, such as road tax, to discourage the purchase and use of more polluting cars;[84] and many cities are doing the same with low-emission zones.[85] Fuel taxes may act as an incentive for the production of more efficient, hence less polluting, car designs (e.g., hybrid vehicles) and the development of alternative fuels.[citation needed] High fuel taxes or cultural change may provide a strong incentive for consumers to purchase lighter, smaller, more fuel-efficient cars,[citation needed] or to not drive.[85] The lifetime of a car built in the 2020s is expected to be about 16 years, or about 2 million km (1.2 million miles) if driven a lot.[86] According to the International Energy Agency the average rated fuel consumption of new light-duty vehicles fell by only 0.9% between 2017 and 2019, far smaller than the 1.8% annual average reduction between 2010 and 2015. Given slow progress to date, the IEA estimates fuel consumption will have to decrease by 4.3% per year on average from 2019 to 2030.[87] The increase in sales of SUVs is bad for fuel economy.[47] Many cities in Europe have banned older fossil fuel cars and all fossil fuel vehicles will be banned in Amsterdam from 2030.[88] Many Chinese cities limit licensing of fossil fuel cars,[89] and many countries plan to stop selling them between 2025 and 2050.[90] The manufacture of vehicles is resource intensive, and many manufacturers now report on the environmental performance of their factories, including energy usage, waste and water consumption.[91] Manufacturing each kWh of battery emits a similar amount of carbon as burning through one full tank of petrol.[92] The growth in popularity of the car allowed cities to sprawl, therefore encouraging more travel by car, resulting in inactivity and obesity, which in turn can lead to increased risk of a variety of diseases.[93] Animals and plants are often negatively affected by cars via habitat destruction and pollution. Over the lifetime of the average car, the "loss of habitat potential" may be over 50,000 square metres (540,000 sq ft) based on primary production correlations.[94][clarification needed] Animals are also killed every year on roads by cars, referred to as roadkill. More recent road developments are including significant environmental mitigation in their designs, such as green bridges (designed to allow wildlife crossings) and creating wildlife corridors. Growth in the popularity of cars and commuting has led to traffic congestion.[95] Moscow, Istanbul, Bogotá, Mexico City and São Paulo were the world's most congested cities in 2018 according to INRIX, a data analytics company.[96] Social If you have any money in the U.S. banking system, pay close attention because…. Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon. And it’s not just Bank of America. This former VP of a major U.S. investment bank just released [this list with more than 110 banks that are preparing to do the same.]( Is your bank on the list? [Click here to find out.]( Social issues Mass production of personal motor vehicles in the United States and other developed countries with extensive territories such as Australia, Argentina, and France vastly increased individual and group mobility and greatly increased and expanded economic development in urban, suburban, exurban and rural areas.[citation needed] In the United States, the transport divide and car dependency resulting from domination of car-based transport systems presents barriers to employment in low-income neighbourhoods,[97] with many low-income individuals and families forced to run cars they cannot afford in order to maintain their income.[98] The historic commitment to a car-based transport system continued during the presidency of Joe Biden. Dependency on automobiles by African Americans may result in exposure to the hazards of driving while black and other types of racial discrimination related to buying, financing and insuring them.[99] Emerging car technologies Although intensive development of conventional battery electric vehicles is continuing into the 2020s,[100] other car propulsion technologies that are under development include wireless charging,[101] hydrogen cars,[102] and hydrogen/electric hybrids.[103] Research into alternative forms of power includes using ammonia instead of hydrogen in fuel cells.[104] New materials which may replace steel car bodies include aluminium,[105] fiberglass, carbon fiber, biocomposites, and carbon nanotubes.[106] Telematics technology is allowing more and more people to share cars, on a pay-as-you-go basis, through car share and carpool schemes. Communication is also evolving due to connected car systems.[107] Autonomous car Main article: Autonomous car A robotic Volkswagen Passat shown at Stanford University is a driverless car. Fully autonomous vehicles, also known as driverless cars, already exist as robotaxis[108][109] but have a long way to go before they are in general use.[110] Open source development Main article: Open source car There have been several projects aiming to develop a car on the principles of open design, an approach to designing in which the plans for the machinery and systems are publicly shared, often without monetary compensation. None of the projects have succeeded in developing a car as a whole including both hardware and software, and no mass production ready open-source based designs have been introduced. Some car hacking through on-board diagnostics (OBD) has been done so far.[111] Car sharing Car-share arrangements and carpooling are also increasingly popular, in the US and Europe.[112] For example, in the US, some car-sharing services have experienced double-digit growth in revenue and membership growth between 2006 and 2007. Services like car sharing offer residents to "share" a vehicle rather than own a car in already congested neighbourhoods.[113] Industry Main article: Automotive industry [icon] This section needs expansion. You can help by adding to it. (March 2019) A car being assembled in a factory The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles, more than three-quarters of which are cars. In 2020, there were 56 million cars manufactured worldwide,[114] down from 67 million the previous year.[115] The automotive industry in China produces by far the most (20 million in 2020), followed by Japan (seven million), then Germany, South Korea and India.[116] The largest market is China, followed by the US. Around the world, there are about a billion cars on the road;[117] they burn over a trillion litres (0.26×1012 US gal; 0.22×1012 imp gal) of motor spirit and diesel fuel yearly, consuming about 50 exajoules (14,000 TWh) of energy.[118] The numbers of cars are increasing rapidly in China and India.[13] In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investment. Many of these negative effects fall disproportionately on those social groups who are also least likely to own and drive cars.[119][120] The sustainable transport movement focuses on solutions to these problems. The car industry is also facing increasing competition from the public transport sector, as some people re-evaluate their private vehicle usage. Alternatives Main article: Alternatives to car use The Vélib' in Paris, France, is the largest bikesharing system outside China. Established alternatives for some aspects of car use include public transport such as busses, trolleybusses, trains, subways, tramways, light rail, cycling, and walking. Bicycle sharing systems have been established in China and many European cities, including Copenhagen and Amsterdam. Similar programs have been developed in large US cities.[121][122] Additional individual modes of transport, such as personal rapid transit could serve as an alternative to cars if they prove to be socially accepted.[123] See also [--------------] [Income Investing Insider]( We’re reaching out to you because you showed an interest in the Financial industry by subscribing to our email list through one of our sign-up forms. [Privacy Policy]( | [Terms & Conditions]( Email sent by Finance and Investing Traffic, LLC, owner and operator of Income Investing Insider (III) Do you have any questions or concerns? Our support team is always here to help you out! Feel free to [connect with us](mailto:support@incomeinvestinginsider.com) anytime you need assistance. If you have any security-related questions, please don’t hesitate to email us at abuse@incomeinvestinginsider.com. 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