Perspective
WSJ – Daily Shot: Charlie Bilello – Global Population Growth and Growth Rate Projections 5/9
Worthy Insights / Opinion Pieces / Advice
FT – Donald Trump declares trade war on China – Martin Wolf 5/8
- “No sovereign power could accept the humiliating demands being made by the US.”
FT – How the Beijing elite sees the world – Martin Wolf 5/1
FT – Argentines shocked by IMF loan request – Benedict Mander and John Paul Rathbone 5/8
WSJ – Will Argentina’s Nightmare Spread? – Nathaniel Taplin 5/9
- Strong dollar, surging oil prices, and US growth picking up steam – all bad for investors searching for yield in emerging markets.
Real Estate
Bloomberg Businessweek – Surprise, You Live in a Giant Airbnb – Olivia Zaleski 4/30
- “Airbnb’s branded buildings promise management companies 5% to 15% of the profit hosts generate. At Domain, residents who rent through Airbnb would pay Niido 25% of their home-sharing income. In exchange, Diffenderfer says, residents will have access to the same hotel-style amenities visitors will receive.”
NYT – Developers Add a Missing Piece to Their Projects: Hotels – Joe Gose 5/8
WSJ – California Set to Require Solar on New Homes – Erin Ailworth 5/9
- “California is poised to become the first U.S. state to require solar panels on nearly all new homes.”
- “The California Energy Commission on Wednesday is expected to approve a requirement that residential buildings up to three stories high, including single-family homes and condos, be built with solar installations starting in 2020.”
- “California is pursuing aggressive policies to reduce air pollution and combat climate change—including a mandate to slash greenhouse gas emissions 40% below 1990 levels by 2030—that are helping drive renewable energy in the state.”
- “Solar accounted for nearly 10% of California’s electricity generation in 2016, Energy Commission data shows.”
- “Currently, about 20% of new single-family homes in the state are built with solar, said Bob Raymer, senior engineer with the California Building Industry Association, which represents thousands of home builders, contractors, architects and others. Making solar mandatory on homes is expected to add $8,000 to $10,000 to construction costs, he said.”
- “While the building-industry organization would have preferred the Energy Commission hold off a few more years on mandating that homes be fitted with solar, it helped shape the rule to reduce compliance costs and increase flexibility, Mr. Raymer said. Builders would have the option to install solar in a communal area if it doesn’t make sense on individual rooftops. By installing batteries that help homeowners save energy for later use, builders can also gain some flexibility in meeting efficiency standards.”
- “California has more solar power installed than any other state, with roughly 21 gigawatts of generation capacity, according to the Solar Energy Industries Association. That is far more than the second -largest solar-producing state, North Carolina, which has 4.3 gigawatts.”
- “The commission expects the cost of adding solar, when combined with other revised efficiency standards, to add about $40 to an average monthly payment on a 30-year mortgage. However it estimates the investment would more than pay for itself, with consumers on average saving $80 a month on heating, cooling and lighting bills.”
Energy
WSJ – As Putin Starts Fourth Term, Higher Oil Prices Give Him a New Edge – Thomas Grove 5/7