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Albany pulls the plug… Ford’s “AI Boomerang” in jobs… a margin-debt flashing light… why we’re not worried about the AI trade yet… and how to trade either way
Yesterday, New York Governor Kathy Hochul signed an executive order barring construction of new large-scale data centers – those drawing 50 megawatts or more of power – for up to one year.
New York is now the first state in the nation to impose such a ban, though at least 15 others are considering or actively advancing legislation to restrict, study, or temporarily ban new data center construction.
Hochul framed it as a matter of survival for ratepayers:
