U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson
Eroding values in modern generation
Share to Twitter Share to Linkedin El Segundo Energy Center, a 560-MW combined cycle power plant in southern California. Source: ... [+] Combined Cycle Journal For electricity, the lifeblood of our modern world , efficiency has been installed as the 1st choice to reduce energy usage and related GHG emissions. Although renewables are ranked 2nd in this critical "loading order," 3rd ranked natural gas often gets deployed 1st because of greater availability and reliability. This demonstrates why since California first installed its Renewable Portfolio Standard in 2003, natural gas' share in the power generation mix has actually risen from 47% then to 61% today. Thanks to its clean burning, predictable, and flexible nature, natural gas has become an increasingly attractive fuel, boosted by a production boom and lower prices. Evolving technologies will continue to allow gas to play an expanding role in the clean generation of electricity. … [Read more...] about U.S. Natural Gas Electricity Efficiency is Always Improving
Arsenio Balisacan MANILA, Philippines — As more senior citizens have ventured back to the job market due to the harder times wrought by the high prices of food and other basic services, the country’s chief economist on Tuesday urged the private sector to provide them with opportunities and training so they could adapt to potential employment especially in the digital space and in agriculture. “Our institutions, our practices, our regulations have to evolve and respond with the changing times. Life expectancy has been increasing in many societies, including us [in the Philippines]… In countries like Japan or South Korea where life expectancy has increased, the society has opened up opportunities for the age-old members of their population,” Socioeconomic Planning Secretary Arsenio Balisacan noted in a press briefing on Tuesday. Balisacan, who heads the state planning agency National Economic and Development Authority (Neda), said the Philippines would have to follow suit in … [Read more...] about Neda chief: Hire more seniors; PH job market must evolve
Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. He is the author and editor of 24 books, including, " The Presidency of Donald J. Trump: A First Historical Assessment ." Follow him on Twitter @julianzelizer . The views expressed in this commentary are his own. View more opinion on CNN. (CNN) President Joe Biden delivered a bold speech on Thursday night , calling for a ban on assault weapons and other gun policies, including strengthening background checks and enacting new "red flag" laws. "Enough, enough," he told the nation, urging Congress to take action after a slew of mass shootings rocked the country. "We can't fail the American people again." The speech comes at a difficult moment for Biden. The administration is facing multiple escalating crises, which are slowly undermining his leadership and political strength. There's the Russian war in Ukraine, inflation and stock market turbulence, mass … [Read more...] about Opinion: How Biden can avoid Carter’s one-term presidential fate
A crowd at an election rally in Uttar Pradesh. (Image Source: AP/File photo) The prime minister has set the cat among the pigeons, with his fusillade against election freebies while inaugurating the Bundelkhand expressway. He said the culture of garnering votes by promising freebies harms the country’s economic development and warned the youth, ‘Your present will be lost and your future pushed into darkness.’ Those who believe in distributing freebies, he said, would never build infrastructure, sorely needed for securing the country’s future. That little speech succinctly lays out the rationale against populism---it promises instant gratification, at the cost of future penury. Predictably, the speech drew the ire of AAP supremo Arvind Kejriwal, who defended his trademark policy of giving away free power. His promise of giving 300 units of free power to each household if his party wins the Gujarat elections is estimated to cost the state Rs 8700 crore a year. It is policies such as … [Read more...] about The hidden cost of free lunches
A few weeks ago, I was a keynote speaker for a national conference for educators. I talked about teaching critical thinking, which includes encouraging kids to read beyond headlines—and to read carefully before commenting on anything, whether online or offline. A question came up during the open forum: What do we tell people who say that they don’t have time to read? My reply became relevant in the weeks that followed. A few days after the conference, ex-Lamitan mayor Rose Furigay was assassinated on our campus. Within minutes of the event, and despite no official statements or reports, comments sprouted online. A media person claimed that it was the Pinks and Yellows shooting each other down; another wished that Leni Robredo would be next. People laughed at the Ateneo, saying that it got what it deserved for being antigovernment. The insults kept flying, even when the news later showed that the gunman was loyal to the current administration, hateful toward Robredo, and … [Read more...] about In hatred and in haste
Startup founders need every tool at their disposal to successfully launch and grow their businesses. One of those tools is a clear understanding of how the licensing business model can be employed to support their goals , including speed to market and filing intellectual property that is attractive to investors. The concept of licensing has been around for a very long time. The inventor of the first patented technology -- Samuel Hopkins, in 1790, for a new method of manufacturing potash and pearl ash -- licensed it to a local businessman the next year, says historian Arthur Daemmrich at the Lemelson Center for the Study of Invention and Innovation. Basically, one party (the inventor or artist) grants another party (typically a company) the right to produce and sell something they created. As far as I can tell, most startup founders aren't very familiar with the concept of licensing a product onto the market. Venturing -- the traditional method of bringing a … [Read more...] about The Benefits of Licensing for Startups.
- A + A KUALA LUMPUR (Aug 9): The Ministry of Science, Technology and Innovation (MOSTI) on Tuesday (Aug 9) launched five National Technology Roadmaps to intensify Malaysia's efforts to become a technology developer, thus reducing dependence on foreign technology and labour. The five roadmaps are technology development in the Electrical and Electronics (E&E) sector, National Blockchain Technology, Artificial Intelligence (AI), National Advanced Materials Technology and National Robotics, for the period between 2021 and 2030. Science, Technology and Innovation Minister Datuk Seri Dr Adham Baba in his speech when launching the roadmaps here, said technology development in all sectors is significant because Malaysia wants to achieve the high-tech country status by 2030. Therefore, he said the focus should be on inclusive local technology ecosystem development activities, which include supply and value chains, development and research, as well as commercialisation … [Read more...] about MOSTI launches five technology roadmaps
Share to Twitter Share to Linkedin D onald Trump has made a lot of investments over his career. One of the flashiest, his purchase of Mar-a-Lago, also turned out to be one of the best. Trump paid an estimated $10 million for it in 1985 and turned it into a moneymaking club, before a rising real estate market made it one of the most valuable homes in the world. Today, the crown jewel of Palm Beach is worth an estimated $350 million. The property, which the former president said the Federal Bureau of Investigation raided on Monday, was historic long before Trump got involved with it. The cereal heiress Marjorie Merriweather Post built the estate from 1924 to 1927, incorporating details befitting the Roaring Twenties. Stones traveled from Genoa, Italy via three ships. Silk-needlework panels came from an old palace in Venice. The living room rug hailed from a Spanish monastery. In 1973, Post passed away, bequeathing Mar-a-Lago, which means “sea to … [Read more...] about How Much Has Trump Made From Mar-A-Lago, His Palm Beach Estate Under Siege?
Share to Twitter Share to Linkedin The growth trajectory of the largest national entitlement programs — Social Security, Medicare, and Medicaid — has many concerned, understandably so. But state and local unfunded pension liabilities must also be counted among the major challenges to U.S. fiscal health. According to Pew research, unfunded state pension liabilities reached a combined $1.25 trillion in 2019. Other projections that assume more modest investment returns find total unfunded state pension liabilities today in excess of $8 trillion . The trillions of dollars in growing unfunded public pension liabilities, for which taxpayers are ultimately on the hook, is a problem that could soon be exacerbated by a new federal tax in the Inflation Reduction Act (IRA) that will diminish state and local pension plan returns. “We should not increase taxes, and we did not increase taxes,” Senator Joe Manchin (D-W.V.) said about the IRA on NBC’s Meet the … [Read more...] about Stock Buyback Tax Will Harm State & Local Pensions