Cart

0

Economy

“The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming”

“Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations… The International Monetary Fund last week reiterated its warning that “chronic fiscal… Continue Reading…

Economy, Energy

“The Coming Electricity Crisis”

“President Biden and the press keep raising alarms about a climate crisis that his policies can’t do much about. Yet in the meantime they’re ignoring how government climate policies are contributing to a looming electric-grid crisis that is more urgent… Continue Reading…

Business

“Airline CEOs Seek Meeting With Boeing Directors to Address Production Problems”

“Boeing’s BA -0.05%decrease; red down pointing triangle biggest U.S. customers are taking their frustrations directly to its board of directors. A group of airline chiefs recently requested a meeting with Boeing’s board to express concern over the Alaska Airlines accident and production problems… Continue Reading…

Business, Economy

“U.S. tap water has a $47 billion forever chemicals problem”

“The U.S. Environmental Protection Agency is adding some “forever chemicals” to the list of toxins in drinking water that must be reported. That is going to require a lot of infrastructure investment… About 300 million people in the U.S. receive… Continue Reading…

Business

“Alphabet’s $118 Billion Cash Pile Poses a New Problem”

“…The Google owner generated nearly $29 billion in cash in the second quarter after cutting thousands of jobs and efforts to stanch losses in its various moonshot projects. That left Alphabet with cash and short-term marketable securities of about $118… Continue Reading…

Banking, Economy

“Analysis-China can no longer ‘extend and pretend’ on municipal debt”

“China’s promised “basket of measures” to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China’s economy, with… Continue Reading…

Energy

“GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem”

“…”While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% over the past five months vs. 13% for the S&P 500,” JPMorgan analyst Seth Siefman wrote in a client note on Tuesday ahead of… Continue Reading…

Energy

“Why America’s outdated energy grid is a climate problem”

“…Currently, electricity generation results in 32% of carbon dioxide emissions in the United States, mostly from burning fossil fuels like oil, coal, and natural gas. Those fuels are transported and burned where electricity is needed. But inexpensive emissions-free sources of… Continue Reading…

Banking

“Money Markets Have a $750 Billion Problem in Zero-Rate World”

“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…

Banking

“Toyota recalls 3.2 million vehicles worldwide over fuel pump problem”

“Toyota Motor Corp <7203.T> said Wednesday it is now recalling 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling… The automaker told the U.S. National Highway Traffic Safety Administration in January it was… Continue Reading…