Tag: U.S. States

January 11, 2018

Perspective

Reuters – Eastman Kodak unveils cryptocurrency, stock doubles – Noel Randewich 1/9

  • Really…

WSJ – Daily Shot: FactsMaps.com – US States Population Growth by Rate 1950-2016 1/9

Worthy Insights / Opinion Pieces / Advice

Economist – A small town in Japan doubles its fertility rate 1/9

  • “Subsidizing parenthood appears to work wonders.”

Economist – After a bumper 2017 will 2018 be kind to the financial markets? – Buttonwood 1/6

Markets / Economy

WSJ – Daily Shot: Advisor Perspectives – Buffett Indicators 1/9

Real Estate

Bloomberg Businessweek – Landlords Woo Startups With Built-In Clubs and Office Beers – Prashant Gopal and David M Levitt 1/5

  • “Stodgy office towers around the U.S. are getting millennial-friendly makeovers.”

Finance

MarketWatch – Ripple’s market cap cut in half as the cryptocurrency keeps falling – Victor Reklaitis 1/10

  • “Bitcoin falls below $14,000 while Ether coins rally.”

FT – China moves to shutter bitcoin mines – Gabriel Wildau 1/9

FT – US government bond sell-off gathers pace – Eric Platt and Robin Wigglesworth 1/10

  • “Ten-year yields near 2017 high as big bond investors declare the start of a new era.”

Environment / Science

UCSUSA.org: NOAA – U.S. 2017 Billion-Dollar Weather and Climate Disasters – Rachel Cleetus 1/8

China

Economist – China’s great firewall is rising 1/4

FT – Australia lashes out at China’s ‘useless’ Pacific projects – Mark Wembridge 1/10

  • “Canberra accuses Beijing of building roads to nowhere in developing nations.”

WSJ – Real News on Fake Data in China – Nathaniel Taplin 1/10

  • “There was some bad news from Inner Mongolia last week: Apparently its headline economic statistics are complete nonsense. The remote northern Chinese province, famous for its sweeping Midwest-like plains, said its 2016 industrial growth had been overstated by 40%, while government revenue was inflated a mere 26%.”
  • “The lesson is that Chinese GDP represents a reasonable long-term indicator of overall trends, but isn’t particularly helpful in capturing cyclical shifts, in part because figures from the more volatile, less diversified inland economies may be fudged during sharp slowdowns.”
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December 23, 2017

Happy Holidays everyone! Last post for the year. Cheers, Duff

Perspective

How Much – American Consumption Greatly Varies by State – Raul 12/19

Markets / Economy

Bloomberg – Subprime Auto Defaults Are Soaring, and PE Firms Have No Way Out – Gabrielle Coppola and Claire Boston 12/21

Finance

MarketWatch – How much has been lost in Friday’s cryptocurrency rout? Nearly $200 billion – Ryan Vlastelica 12/22

  • “The entire universe of digital currencies has seen heavy selling pressure on Friday, resulting in a 12-digit decline in total market capitalization since just midnight.”
  • “The size of the entire cryptocurrency space is about $426.14 billion, according to pricing website CoinMarketCap, down from $610.43 billion at the start of the day. (Eastern time; digital currencies trade 24 hours a day.) That’s a decline of more than $184 billion, which is larger than such iconic companies as Boeing Co., PepsiCo Inc., and Walt Disney Co.”  
  • “The weakness was driven by bitcoin the world’s largest digital currency, which has tumbled in recent days. The asset has dropped by more than a third since Sunday’s all-time high; it fell 27% to $11,301.16 on Friday, after nearly breaching $20,000 on Dec. 17.”
  • “The space is notoriously volatile, and other digital currencies also tumbled in Friday trading. Ether, which runs on the Ethereum network, is down 33%, trading at $561.19. It hit a high of $827.68 earlier in the day. Despite that, both remain sharply higher on the year; bitcoin started 2017 below $1,000, while Ether ended 2016 at around $8.03.”

 

July 10, 2017

If you were to read only one thing…

NYT – Rooftop Solar Dims Under Pressure From Utility Lobbyists – Hiroko Tabuchi 7/8

  • “Over the past six years, rooftop solar panel installations have seen explosive growth — as much as 900% by one estimate.”
  • “That growth has come to a shuddering stop this year, with a projected decline in new installations of 2%, according to projections from Bloomberg New Energy Finance.”
  • “A number of factors are driving the reversal, from saturation in markets like California to financial woes at several top solar panel makers.”
  • “But the decline has also coincided with a concerted and well-funded lobbying campaign by traditional utilities, which have been working in state capitals across the country to reverse incentives for homeowners to install solar panels.”
  • “Utilities argue that rules allowing private solar customers to sell excess power back to the grid at the retail price — a practice known as net metering — can be unfair to homeowners who do not want or cannot afford their own solar installations.”
  • “Their effort has met with considerable success, dimming the prospects for renewable energy across the United States.”
  • “Prodded in part by the utilities’ campaign, nearly every state in the country is engaged in a review of its solar energy policies. Since 2013, Hawaii, Nevada, Arizona, Maine and Indiana have decided to phase out net metering, crippling programs that spurred explosive growth in the rooftop solar market. (Nevada recently reversed its decision.)”
  • “Many more states are considering new or higher fees on solar customers.”
  • “’We believe it is important to balance the needs of all customers,’ Jeffrey Ostermayer of the Edison Electric Institute, the most prominent utility lobbying group, said in a statement.”
  • “The same group of investor-owned utilities is now poised to sway solar policy at the federal level. Brian McCormack, a former top executive at the Edison institute, is Energy Secretary Rick Perry’s chief of staff.”
  • “Four years ago, the Edison institute, an industry group made up of the country’s largest investor-owned electric companies, declared that the business of generating electricity was in danger of being sucked into what has since become known as a ‘utility death spiral.’”
  • “As more consumers switched to rooftop solar and bought less electricity from the grid, the trade group worried in a 2013 document, the costs of running conventional coal, oil, gas or nuclear power plants would be shared among an ever-smaller customer base. That could cause rates to spike, chasing even more customers away.”
  • “Since then, the utilities have targeted state solar power incentives, particularly net metering, which credits solar customers for the electricity they generate but do not use and send back to the grid. That offsets the cost of electricity they may still buy from their local utility during cloudy days and at night, reducing or even eliminating their electricity bills.”
  • “Utilities argue that net metering, in place in over 40 states, turns many homeowners into free riders on the grid, giving them an unfair advantage over customers who do not want or cannot afford solar panels. The utilities say that means fewer ratepayers cover the huge costs of traditional power generation.”
  • “Utilities found a receptive audience in many states.”
  • “Arizona legislators voted in December to move away from net metering, lowering the credit solar customers receive for the excess energy they generate and limiting how long customers keep their favorable rates.”
  • “In Florida last year, the utility industry contributed more than $21 million to an ultimately unsuccessful ballot initiative to ban third-party sales or leasing of rooftop solar panels. A leaked audio recording appeared to reveal that the utility campaign deliberately misled pro-solar voters into voting for an anti-solar policy, a tactic one consultant called ‘political jujitsu.’”

Worthy Insights / Opinion Pieces / Advice

Bloomberg View – Has Asia Learned From the 1997 Crisis? – Michael Schuman 6/15

Economist – 3D printers will change manufacturing 6/29

WSJ – So Long, Hamburger Helper: America’s Venerable Food Brands Are Struggling 7/6

Markets / Economy

WSJ – Daily Shot: Gold Eagle – Most Googled Car/Truck by State 7/7

Bloomberg – These U.S. States Still Haven’t Fully Recovered From Recession – Steve Matthews and Catarina Saraiva 7/5

Finance

WSJ – Daily Shot: UK 5yr Government Bond Yield 7/6

  • The world is turning hawkish.

WSJ – Daily Shot: German 10yr Government Bond Yield 7/6

WSJ – Daily Shot: US 10yr Government Bond Yield 7/6

WSJ – Daily Shot: Canadian 5yr Government Bond Yield 7/6

WSJ – Daily Shot: Japan 10yr Government Bond Yield 7/6

Middle East

WSJ – Daily Shot: Saudi Arabia Bank Lending Growth 7/7