Increasing demand in India is driving growth in the country's coal-fired power production. Matthew Chye and Carman Chew report for Reuters: India's power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records. Intense summer heatwaves, a colder-than-usual winter in northern India and an economic recovery led to a jump in electricity demand, forcing India to crank up output from coal plants and solar farms as it … [Read more...]
Archives for April 2023
Your Easter Money Can Yield Close to 4.5%
Is your lazy cash sitting around eating all your Easter candy? Murdering Peeps and defenseless chocolate bunnies? Well, after this weekend, that needs to stop. No más. With Fidelity’s Treasury Money Market (FZFXX) yielding close to 4.5%, it’s time to get your lazy cash off the couch. A little spring cleaning, if you will. If you’ve been living in a cave, and I don’t fault you for that, then you know the village is in an uproar over the banks. This is nothing new to Your Survival Guy, and I hope to you. Since the beginning of time, the “smartest guys” in the kingdom have been reckless with … [Read more...]
Unemployment Rising in America’s Warehouse Capital
California's Inland Empire is known as America's warehouse capital. It's where many of the cargoes unloaded in the ports of Long Beach and Los Angeles are brought for sorting and shipping. Its economy is seen as a bellwether for America, and unemployment is rising. Augusta Saraiva and Amanda Albright report in Bloomberg: Southern California’s Inland Empire, the warehousing mecca that’s home to Amazon.com Inc. and Walmart Inc. facilities, is showing signs of trouble. Just last year, the region was hiring workers faster than California and the rest of the US — emerging as a top beneficiary … [Read more...]
Inside the Wreckage of a Dystopian Financial District
Imagine you’re walking through the wreckage of a dystopian city. An empty financial district. Streets littered with white papers. Forgotten studies about ESG, woke capital, and DEI. You pass the shuttered storefronts of banks that were supposed to be too big to fail. Net Zero and WEF membership stickers are coming unpeeled, next to signs that read “FDIC Insured” and “CBDC (Central Bank Digital Currencies) Only.” It’s a ghost town. And then there’s you. My hero in this story. The lone survivor. Standing amidst the carnage while the so-called experts are gone away. They failed to … [Read more...]
Are Pensions Falling in Love with Bonds Again?
Bonds have traditionally been a mainstay of pension funds, but with rates near zero for years, pensions looked elsewhere for yield. That may be changing. Heather Gillers reports in The Wall Street Journal: After years of shifting money into private market investments, public pension and investment funds are taking a fresh look at publicly traded debt, thanks to the highest yields in more than a decade. “Bonds are back,” said California State Teachers’ Retirement System investment chief Christopher Ailman. He predicted that public pension funds will shift an additional 2% to 5% of assets … [Read more...]
OPEC+ Announces Surprise Oil Production Cut
The group of oil producing countries known as OPEC+ has announced an unexpected 1.16 million barrel per day cut to its target production. Maha El Dahan and Ahmed Rasheed of Reuters report: Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable. The pledges bring the total volume of cuts by OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, to 3.66 … [Read more...]
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