Jennifer Hiller and Eric Niiler of The Wall Street Journal tell their readers that new EPA emission rules, which come as power demand surges, will force coal plants to adopt costly technology or close. They write: The Biden administration on Thursday issued sweeping new rules that crack down on power-plant pollution and could force many of the country’s coal plants to shutter unless they undertake costly upgrades. The rules, which will almost certainly be challenged in court, mandate strict controls on carbon-dioxide emissions at existing coal plants and newly built natural-gas plants. … [Read more...]
Archives for April 2024
Imagine If You Could Turn Water into Gold
Arick Wierson of The Robin Report tells his readers how Liquid Death sparkling water turned H2O into a billion-dollar elixir. He writes: Liquid Death sparkling water. Now that’s an ominous-sounding name. But it has singlehandedly turned H2O into a billion-dollar elixir. And its packaging seems to take inspiration from something in between Heavy Metal Goth and Mexico’s Día de Los Muertos – even the logo’s font has a sort of Sepultura-esque feel. Newcomers to this product might reasonably expect that inside each can you’d find some concoction of equal parts Jägermeister and gasoline. … [Read more...]
Rising Importance of Copper Could Force Largest Mining Deal on Record
Julie Steinberg of The Wall Street Journal reports that the U.K.-listed mining giant Anglo-American AAL and its chairman say the proposal undervalues the company, clearing the way for a potential bidding war. He writes: Anglo American AAL 3.54% on Friday rejected a $39 billion takeover proposal from rival BHP, saying the bid “significantly undervalues” the company and setting the stage for a potential bidding war. London-listed Anglo American said the unsolicited proposal, which was made earlier this month and which became public this week, features an unattractive structure that is too … [Read more...]
Your Survival Guy Breaks Down Boxes, Do You?
Your Survival Guy’s family does its best to live a green life. We recycle. But apparently, when it comes to breaking down cardboard boxes, that’s a one-man job—mine. I don’t remember signing up for this job. The boxes just pile up in the foyer. Then, when I trip over one and ask if “I” can take them out to the garage, I’m answered as if it is “my” job: “No leave that I need to return it.” Then there’s the humiliation of the blue recycling bin. Yes, I know how to recycle. But that doesn’t stop the city from slapping a “how to recycle” sticker on my blue bin. It’s embarrassing. And it’s … [Read more...]
Powering Data Centers with a Volcano
Tom Dotan and Asa Fitch of The Wall Street Journal tell their readers why the AI industry’s thirst for new data centers can’t be satisfied. They write: The frenzy to build data centers to serve the exploding demand for artificial intelligence is causing a shortage of the parts, property and power that the sprawling warehouses of supercomputers require. The lead time to get custom cooling systems is five times longer than a few years ago, data center executives say. Delivery times for backup generators have gone from as little as a month to as long as two years. [...] “The data-center … [Read more...]
Direct-To-Consumer – Mastering the Tricky Nuts and Bolts of Retail Logistics
Liz Young of The Wall Street Journal reports that suppliers are stepping up efforts to reach shoppers and are having to mount costly new supply chains built to the task. She writes: Apparel makers including Levi Strauss, Skechers and Canada Goose are trying to get closer to their customers. Doing that will require nailing the nuts and bolts of retail logistics. The stalwarts of department-store sales are taking the strategic step into direct-to-consumer (DTC) sales, reasoning that the investment is needed to kick growth into a higher gear and potentially reset the future of their … [Read more...]
Investing Is Math
Originally posted Oct 30, 2023. Sorry to burst your bubble, but investing is math. Sure, prices are fun to watch, but they aren’t the math of collecting income from your stocks, bonds, or that nephew who owes you. That’s math. You can see the money, rent, dividends, income, and even crumpled dollars coming into your possession. That’s investing. Look at today’s yields on bonds. Finally, you can sink your teeth into them. You can plunk $100,000 in a one-year bond yielding five percent and be pretty sure, especially in Treasurys, you’re getting $5000 plus your original outlay at maturity. … [Read more...]
Breaking: New Rules on Trillions in IRAs and 401(k)s
Good news. New rules will govern trillions in IRAs where your interests are put first. Americans will get new protections for money moved out of their 401(k)s and into IRAs, under Labor Department regulations released yesterday. What does this mean to you? 401(k)s are governed by strict rules requiring any financial advice to be in the interest of individual savers under a 1974 law called Erisa. Erisa rules have not historically applied once that 401(k) is rolled over into an IRA. Now a fiduciary rule will apply to IRAs. The change goes into effect September 23, with a year for firms … [Read more...]
When You’re in Control, You Have Opportunities
Control is behind a lot of the problems in the world. But you have more control than you think. You, unlike a government statistic, don’t need to buy the basket of goods the Feds use to measure inflation. You are a value hunter. You seek out good deals and live to talk about them because what’s more fun than talking about a good deal? When the government comes out with inflation stats, you and I know we’re at nosebleed levels already. It’s not like prices are going to fall. Now that we’re at this point, steady increases are just piling onto already too-high prices. But as an inflation … [Read more...]
New Home Sales See Biggest Jump Since December 2022
Aarthi Swaminathan of MarketWatch reports that new-home sales are up nearly 9%, boosted by strength in the Northeast. He writes: The numbers: Sales of newly built homes in the U.S. rose in March, posting the biggest increase since December 2022. Home buyers snapped up new homes, pushing sales to the highest level since September 2023, just before the 30-year mortgage rate began its trek to 7%. U.S. new-home sales rose 8.8% to an annual rate of 693,000 in March, from a revised 637,000 in the prior month, the Commerce Department reported Tuesday. [...] What are they saying? “It is … [Read more...]
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