Rumor has it that Amazon is about to purge its small supplier in order to favor larger branded companies that can better supply its customers. The move will put Amazon into even more direct competition with Walmart and Target. Bloomberg's Specer Soper reports: In an emailed statement, an Amazon spokeswoman said: “We review our selling partner relationships on an individual basis as part of our normal course of business, and any speculation of a large scale reduction of vendors is incorrect.” Amazon secures inventory two ways. The company buys products directly from wholesale vendors, … [Read more...]
Archives for May 2019
How the Rolling Stones Amassed a Fortune Where Others Have Failed
Last week Mick Jagger shared some video of his cardio workout routine. There he was dancing and moving to the music like only Mick can. Jagger was showing the world that, despite recent heart surgery, he is not slowing down. After years of hard touring and the excesses of the rock and roll lifestyle, Mick, Keith, and the rest of the Stones remain vital. During decades of near constant work, during which many of their contemporaries have failed, they have amassed fortunes. I described their investing process back in January of 2003. I wrote: Geezers in Wheelchairs… This year is the 40th … [Read more...]
Your Survival Guy Goes to College (Sort of)
Your Survival Guy went to college this week. Actually, I went on a college tour. Our daughter is a Junior in high school and that’s what you do, right? Driving with her for a couple hours in the car was a real eye-opener, because we not only talked about college in general, but she actually asked me questions. Questions from a teenager? It was an amazing feeling. She was relying on me for the answers, and not on social media. The college search is like the 800-pound gorilla in the room, or in this case our kitchen. Have you seen the books? The “best colleges in the world” books? They’re … [Read more...]
Tesla to $10?
Adam Jonas, an analyst for Morgan Stanley, has lowered his bear case estimate for Tesla share prices from $97 to just $10. Jonas isn't the only analyst lowering expectations for Tesla though. Now that prices have fallen 48% since shares hit $376.79 in December, Wall Street analysts have come to the conclusion that they can no longer risk their reputations on a bullish case for Tesla. Bloomberg's Oliver Ssachgau and Tom Lavell report: “Demand is at the heart of the problem,” analysts led by Adam Jonas said in a note. “Tesla has grown too big relative to near-term demand, putting great strain … [Read more...]
The Tidal Wave out of China is Just Kicking Off
With the pending imposition of higher tariffs on China, companies have begun reevaluating their operations there. Sharp and Kyocera are two of the many manufacturers considering a relocation of their assembly plants to other nations. The tariff increase could lead to a tidal wave of factories moving out of China. Gen Nakamura at The Nikkei Asian Review reports: Sharp and Kyocera are the latest office equipment manufacturers based in Japan to consider shifting production away from China to protect their businesses from the U.S.-China trade war, Nikkei has learned. The two companies would … [Read more...]
Are Green Energy Backers Out Over Their Skis?
According to Mark Mills at The Wall Street Journal, it's likely that the world will be using hydrocarbons for quite some time. He writes: The prevailing wisdom has wind and solar, paired with batteries, adding 250% more energy to the world over the next two decades than American shale has added over the past 15 years. Is that realistic? The shale revolution has been the single biggest addition to the world energy supply in the past century. And even bullish green scenarios still see global demand for oil and gas rising, if more slowly. If the favored alternatives fall short of delivering … [Read more...]
Right to Work States Preserving the American Dream
For many Americans, a major part of achieving the "American Dream" is owning a home. That has become more difficult in many areas of the country as ever higher property taxes are necessary to pay the public sector unions who have a stranglehold on state politics. There is, however, an antidote. In states with right to work laws, which prevent compulsory union membership and dues paying, homes are more affordable. The National Right to Work Committee explains: Last year, Apartment List, a private service company that connects renters with apartment listings, surveyed 6,400 millennials on their … [Read more...]
Can the USPS Save itself with Automated Trucking?
In a joint effort with trucking automation company TuSimple, the USPS is putting driverless trucks to work hauling mail. The Post Office is using automated trucking on a 1,000 mile route between Phoenix and Dallas. Jennifer Smith reports at The Wall Street Journal: The move comes as investors and vehicle makers are spending millions on trucking automation. The two-week pilot starting Tuesday will use big rigs supplied by autonomous trucking firm TuSimple to haul trailers on five round trips between distribution centers, the company said. The roughly 22-hour trip along three interstate … [Read more...]
America Has a Problem, and Calvin Coolidge Predicted it Back in 1925
Chris Edwards, a friend of mine from the Cato Institute, has written a condemnation of the “grants-in-aid” programs the federal government uses to impose its own regulations on the states. He notes that President Calvin Coolidge predicted that government would encroach on the states, and it has. The federal government has especially intruded into the areas of education, housing and transportation. Those are all local issues that could be handled better at the state level. Chris explains why federal mandate policies don't work well, and how states could do a better job. He writes … [Read more...]
Will You Run Out of Money in Retirement?
The Employee Benefit Research Institute has run the numbers, and they don't look good. An estimated 40.6% of American households are projected to run out of money in retirement. Christy Bieber reports: Saving too little for retirement is a major fear of most Americans, and studies have shown that more Americans fear insufficient retirement savings than fear death. Running out of money is indeed very frightening, as no one wants to be without the cash they need in their 70s and 80s. But how likely is it that you'll actually run out of money during your retirement years? Unfortunately, … [Read more...]
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