why has veejay lakshmi engineering works limited (522267) performed so strongly recently - Free Premium Stock Market Reports

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On the first Sunday of November, at 2 a.m., clocks fall back an hour to standard time. On the second Sunday of March, at 2 a.m., clocks in most of the United States and many other countries move forward one hour and stay there for nearly eight months in what is called Daylight Saving Time.

why has veejay lakshmi engineering works limited (522267) performed so strongly recently ✌️【Stock Market】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The current March to November system that the US follows began in 2007, but the concept of “saving daylight” is much older. Daylight Saving Time has its roots in train schedules, but it was put into practice in Europe and the United States to save fuel and power during World War I, according to theUS Department of Transportation’s Bureau of Transportation Statistics.

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During the energy crisis of the 1970s, we tried permanent Daylight Saving Time again in the winter of 1973-1974. The idea again was toconserve fuel. It was a popular move at the time when President Richard Nixonsigned the lawin January 1974. But by the end of the month,Florida’s governorhad called for the law’s repeal after eight schoolchildren were hit by cars in the dark. Schools across the country delayed start times until the sun came up.

By summer, public approval had plummeted, and in early OctoberCongress voted to switch back to standard time.

In the US, states are not required by law to “fall back” or “spring forward.” Hawaii, most of Arizona and some territories in the Pacific and Caribbean do not observe Daylight Saving Time. The twice-yearly switcheroo is irritating enough to lawmakers of all political stripes that the US Senatepassed legislation in March 2022to make Daylight Saving Time permanent. The bill passed by unanimous consent.

House lawmakers failed to vote on the bill in 2022. On March 2, 2023, a dozen senators forming a bipartisan groupreintroduced the legislationthat would end clock switching in favor of permanent Daylight Saving Time. Companion legislation to the Sunshine Protection Act was introduced byRep. Vern Buchanan, a Republican from Florida, in the House.

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Of course, there’s the economy, which pays for all that outdoor fun in the sun. Although saving energy was often put out as a reason to have Daylight Saving Time, the energy saved isn’t much — if anything at all.

Instead, the lobbying effort for Daylight Saving Time came mostly from different sectors of the economy. In the mid-20th century, lobby groups for the recreational sports industry (think driving ranges) wanted more customers to come out after a day at the office. It’s easier to do so when there is more light at the end of the day.

But the movie industry didn’t like Daylight Saving Time. You’re less likely to go to a movie when it’s bright outside. Despite the myth, farmers didn’t like it either because it made it difficult to get their food to the market in the morning.

why has veejay lakshmi engineering works limited (522267) performed so strongly recently ✌️【Stock Market】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. The bottom line: It’s not clear whether having that extra hour of sunlight at the end of the day versus the beginning is helpful. It just depends on who you are and what you want. And it doesn’t look like Daylight Saving Time in the US is going away anytime soon.

Editor’s note: Saffeya Ahmed, Harry Enten, Sandee LaMotte and Ali Zaslav contributed to this report. This story has been updated for the November 2024 switch back to standard time.

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