The explosion of new oil and gas being produced in America's shale basins is unleashing growth and expansion in cities from Pennsylvania to the Permian Basin of Texas and beyond. Along the Gulf of Mexico, oil towns are growing and connecting as jobs and industry find their way to the coast. ExxonMobil's Energy Factor details the changes happening in Baytown, Texas. The small Gulf Coast city, however, is very much connected and not just to nearby Houston. Baytown boasts a thriving petrochemical and manufacturing hub that is linked to a larger set of communities dotting the Gulf Coast. It’s an … [Read more...]
Is Nascar’s Stunning Decline Now Irreversible?
Lot's to think about in terms of why there has been such a huge decline in Nascar's ratings as we enter Daytona 500 weekend. Reporters at The Wall Street Journal analyze Nascar's decline. Nascar threw a bash at Kansas Speedway in October to thank Sprint Corp. for being stock-car racing’s top sponsor for 13 years. More than 800 Sprint employees received hot dogs, burgers and seats to a nail-biting race. One thing was missing: a new sponsor. Despite knowing for two years that Sprint was leaving, Nascar didn’t announce a replacement until December, when it said energy-drink maker Monster … [Read more...]
You Don’t Want to Ignore the Risk of a Euro Collapse
The melt-up in U.S. stock prices in February has been nothing short of spectacular. Of the 14 trading days this month, stocks have increased on twelve. The average increase in the S&P 500 on up-days in February has been 0.33%. A third of a percent may not sound like a big number, but if you compound that out over just 60 trading days, you are looking at a return of more than 20%. For novice investors, the relentless rise in stock prices may have led some to believe there is little risk in the market today. That would of course, be a mistake. Because while U.S. shares show few signs … [Read more...]
Can Egypt Become NatGas Self Sufficient?
Egypt's population of 92 million is set to grow by 17 million in as little as a decade. Without increased domestic energy supplies, the country will demand increased imports. BP, a partner with Egypt for decades, is working hard to increase natural gas production in the ancient country. Today, Egypt needs to take advantage of a very different kind of natural resource to help realise what’s known as its ‘Vision 2030’. The goal of this strategy is to create a competitive, balanced and diversified economy to achieve sustainable development and improve people’s life quality. ... “Our oil and … [Read more...]
The Story of the Largest Insider Trading Investigation in History
If you want to get the inside story on hedge fund manager Steve Cohen, read Black Edge by Sheelah Kolhatkar. What stood out to me was how retired teachers, and the collective billions they’ve saved through pensions, had their money managed by Stevie who, in essence, is a day trader. A very rich day trader. What happens to the pensions when guys like Cohen run out of buyers? He’s not that far removed from being the next Long Term Capital Management, which went bankrupt and needed a bailout. Here’s a review by David McClintick of the WSJ that got me into the book and an interview with author … [Read more...]
Have we reached peak Amazon?
There was a time not too long ago when it seemed that Wal-Mart was going to dominate the retail landscape for the foreseeable future. Wal-Mart had the scale, the infrastructure, the buying power, and a dominant brand. CNBC even produced a 90-minute documentary on the company. Today, it seems Amazon has dislodged Wal-Mart as most-admired in the retail space. Amazon is dominant in online retail. It has the infrastructure, the scale, and the buying power to succeed. Nobody can catch Amazon in online retail, right? Maybe, but that isn’t stopping Wal-Mart from trying. The traditionally … [Read more...]
Is Copper’s Success in Danger, or Just Emerging?
You can see on my chart below that the price for copper has been surging since the end of 2016. The question every investor must ask is whether the surge is to be long-lived, or is fleeting. Scott Patterson of the Wall Street Journal serves readers some much needed information about the current state of the copper market today. A year ago, miners were haunted by hair-raising worst-case scenarios in commodities as growth in China stalled, investors panicked and prices fell to what Barclays called their lowest levels in 30 years. Anglo said it would cut its workforce in half. Glencore … [Read more...]
The Workers of Boeing in SC Reject Forced Unionization Drive
Give workers a choice whether to join a union or not and let the chips fall as they may. Right to work states make all the sense in the world. Just ask the workers at Boeing. Reuters (via Fox Business) reports on the rejection of unionization at Boeing's South Carolina plant: Boeing handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. The secret ballot vote, conducted by the National Labor Relations Board (NLRB) at polling locations throughout … [Read more...]
Look What Happened When this Billionaire became Sick and Tired of Bad Science
Originally posted January 30, 2017. A profound and amazing story of American success is rolled out for you here by WIRED’S Sam Apple. The thriller chronicles the story of “the youngest billionaire in America” and his link to two of my all-time favorite nutrition writers. Mr. Apple introduces you (and how lucky you are) to John Arnold, John’s wife Laura, the Laura and John Arnold Foundation, and the foundation’s funding for science journalist Gary Taubes and journalist Nina Teicholz. I have long been a fan of both Gary and Nina and have posted my interest in each as well their … [Read more...]
Happy Presidents Day!
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