The Missouri Hyperloop Coalition is attempting to attract Hyperloop One to the state to build a hyperloop between St. Louis and Kansas City, with a stop in Columbia. The trip would normally take nearly four hours by car, but would take only 25 minutes by hyperloop, allowing people to live on one end of the state and work or study on the other. According to Nick Lavars at New Atlas, Missouri is making a very attractive case to Hyperloop One. He writes: "It is clear from our conversations with Hyperloop One that they were impressed with our initial proposal," says Andrew Smith, Vice President … [Read more...]
Archives for October 2017
The Pound is as Credible as it Always Was
There was a reason the Brits never adopted the euro, they already had a strong currency used as a reserve across the globe. The pound has been a cornerstone of currency markets for centuries, there's little reason to believe that "Brexit" is going to change its desirability. Mike Bird reports in the Wall Street Journal that currency markets aren't changing their fundamental views of the pound in light of Brexit, and neither should you. Following last June’s vote to leave the European Union, the pound plummeted and some analysts predicted the currency’s remaining place in the reserves of … [Read more...]
One of My Favorite Meals in Paris
On our recent trip to Paris, Becky and I ate and drank like locals. After all, we were visiting her parents, Dick and Debbie Young who, through several years, have accumulated months of on the ground intelligence on all things Paris. One of my favorite meals was lunch at La Fontaine de Mars. It was a beautiful Sunday afternoon with everyone enjoying themselves as if they were happy to stay there until next Sunday afternoon. In trying to describe Fontaine de Mars to you I have to go back to my childhood memory of going to Epcot Center. It had just opened and we were walking through the World … [Read more...]
Would You Allow Wal-Mart to Stock Your Fridge?
A number of services have been created to get groceries to your home. Some are simply the same bagged groceries you would buy yourself at a grocery store. Some are prepared foods or a box of ingredients for foods you'll cook. But none of these sources puts the food right into your refrigerator, until now. Wal-Mart is working with August Home, a smart lock company, to enable food delivery people to access your home and put your groceries right in your fridge without you even having to be there. Matthew Stern explains the service at Forbes: Walmart has made many big investments in innovation in … [Read more...]
Are the Chinese Jumping Ahead on Electric Cars?
If you have ignored the electrification of the global auto fleet and marked up sales of electric cars to date simply to overzealous environmentalists and idealistic northern Europeans, this report from the WSJ should catch you attention. The Chinese government’s heavy hand in all economic matters in China is now driving electric vehicle sales in the country. China is the world’s largest electric vehicle market and it is poised to get bigger. The question now for investors isn’t whether the global auto market goes electric, but which companies will profit from the trend. If you are … [Read more...]
Amazon and Corp Tax Reform
Tax avoidance by multinationals such as Amazon continues to get more expensive. “Brussels will hit Amazon today with a bill for Luxembourg back taxes worth several hundred million euros,” reports the Financial Times. More reason to pass U.S. corporate tax reform and bring that money home. Brussels will hit Amazon on Wednesday with a bill for Luxembourg back taxes worth several hundred million euros in the latest fallout from the EU crackdown on tax avoidance by big multinationals. The European Commission’s move, confirmed by several people familiar with the case, comes on the heels of … [Read more...]
Unmanned Train Set to Move Australian Iron Ore for Rio Tinto
In the remote outback of Australia, Rio Tinto is preparing to run autonomous trains filled with iron ore. It is easy to understand the appeal of autonomous vehicle technology in such a remote place. The farther you get from places where employees want to be, the more money they'll demand to be in those places, and the costs of operation will rise higher. Running unmanned trains through the desert will boost the bottom line at Rio Tinto. Robb M. Stewart writes of the project; MELBOURNE, Australia—Driverless trains hauling iron ore across Australia’s arid Pilbara region were meant to transform … [Read more...]
Are Index Funds Today’s Nifty-Fifty?
According to one seasoned value investing team that has been in the business for decades, index funds may be the next Nifty-Fifty. Many financial advisors are pushing index funds as one decision investments. Never mind the valuation ratios that have only been higher at the peak of the 1929 and the 2000 stock market bubbles these investors are told. It doesn't matter how expensive the FANG stocks are--they are winner take all businesses.t Barron's has more: Boniface (Buzz) Zaino of Royce Funds knows better than most the cost of charting a contrarian course. The value-oriented portfolio … [Read more...]
What’s Supporting Real Estate Prices?
Access to money is one of the key reasons for success in commercial real estate, especially here in the U.S. where REITs are everywhere. But with dividend yields near historic lows it begs the question: What is supporting these lofty prices? Even skyscrapers don’t grow forever. Now in Malaysia, where REITs seemed ready for prime time, things aren't looking so good. Shefali Anand writes: Until recently, Malaysia seemed to be on track toward building a successful market for real-estate investment trusts. Its market grew to a capitalization of around $10 billion, and included Kuala Lumpur’s … [Read more...]
It is Trucks, not Ships Slowing Relief to Puerto Rico
Last week President Trump temporarily removed Jones Act restrictions preventing foreign flagged ships from carrying aid to Puerto Rico. While the gesture is welcome, Costas Paris and Paul Page write that the real reason Puerto Rico's people are suffering isn't ships, it's trucks. Paris and Page report: Lifting the restrictions on foreign-flag vessels serving hurricane-ravaged Puerto Rico will help quell criticism over the relief efforts, but logistics experts say the action won’t do much to speed desperately needed supplies to the island’s shattered interior. The Department of Homeland … [Read more...]
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