Share to Twitter Share to Linkedin This week’s Current Climate , which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. E arlier this week , the United Nations estimated that the world’s population hit 8 billion people . That’s just 11 years after the global population hit 7 billion. The Earth’s population hit 4 billion people in 1974–meaning it took less than 50 years for the population to double. That said, that rate of growth isn’t expected to continue. The U.N. estimates that the rate of growth has started to slow down, and is only expected to hit about 10.4 billion people by the end of the century. And that growth will be concentrated primarily in about 8 countries, while the rest of the world sees lower rates of childbirth coupled with aging populations. Thanks to advances in medicine, the proportion of the population aged over 65 will rise from about 10% now to … [Read more...] about A Green Hydrogen Bet, GM Expects EV Profits By 2025 And The World’s Population Hits 8 Billion
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Share to Twitter Share to Linkedin The past season was a whirlwind, and ultimately a disappointment for the New York Yankees. They were on a historic pace in the first half, but injuries to key players like DJ LeMahieu, Luis Severino and Michael King knocked them off their game and made them look relatively ordinary down the stretch and in the playoffs. There was one constant - Aaron Judge had one of the greatest offensive seasons in recent memory en route to the AL MVP award. And he had to be great to prevail, with all that the Angels’ Shohei Ohtani was accomplishing at bat and on the mound. Judge’s tour de force was certainly well-timed; he is now one of the crown jewels of the offseason free agent market. There appears to be mutual interest between Judge and the Yankees in a very lucrative reunion, but as someone with extensive front office experience, I am well aware of the needs for Plans B, C, D, etc. as a club attempts to fill its winter needs. … [Read more...] about Envisioning The 2023 New York Yankees Without Aaron Judge
Share to Twitter Share to Linkedin This week marks the one-year anniversary of the signing of the Bipartisan Infrastructure Law. This once-in-a-generation bipartisan law is giving the economy and Main Streets across America a much-needed upgrade by increasing access to reliable high-speed internet to millions of Americans, upgrading airports, ports, and waterways, addressing climate change, and improving the power infrastructure. Making sure the $1.2 trillion in the law is appropriately and effectively administered is no small task. That’s why President Biden brought in Mitch Landrieu as a Senior Advisor for coordinating the implementation of it. He served as lieutenant governor of Louisiana and mayor of New Orleans, leading the rebuilding from Hurricane Katrina and other calamities. I recently had the opportunity to speak with Mayor Landrieu on his efforts to date. I am grateful to him for taking the time and below is our conversation. Rhett Buttle … [Read more...] about Rebuilding The Nation’s Infrastructure: A Conversation With Mayor Mitch Landrieu
Share to Twitter Share to Linkedin Berkshire Hathaway’s (BRK/A, BRK/B) first-quarter 13F was filed on November 14. This filing gives us a quarterly opportunity to observe what two of the greatest investors, Warren Buffett and Charlie Munger, and their team are doing within Berkshire’s publicly traded equity portfolio. Berkshire has a large stable of wholly-owned entities, so this is just a slice of their investments. As summarized here , Berkshire’s third-quarter earnings report provided more information about the operating companies. Berkshire’s $296 billion very concentrated investment portfolio consists of 49 companies, two stocks more than last quarter. Despite investing $3.7 billion more into its stock portfolio, the value fell from $300 billion at the end of the second quarter due to the over 5% decline in the S&P 500. The top 5 holdings account for over 74% of the total portfolio. The top five holdings, in order of the size of holding, are Apple … [Read more...] about Berkshire Hathaway’s Third Quarter 2022 Portfolio Moves
Share to Twitter Share to Linkedin Late 2022 has seen many grim declarations of the future of self-driving, particularly after the decision by Ford/VW to close down Argo.AI their self-driving startup. Other companies in the self-driving space and LIDAR space have seen market devaluations even worse than the already horrible tech space, and startups are having trouble with funding. There’s lots of doom and gloom, though in counter to that MobilEye has a great IPO and Waymo, Cruise and others have announced new milestones and improvements. Yesterday, I outlined why the reports of the death of self-driving cars are greatly overstated. Car OEMs never wanted this to happen fast and their cold feet don’t reveal much. A lot of people got wrong impressions (particularly from car OEMs who were just guessing) of dates. Companies made predictions of when they would start having working vehicles and many presumed that meant they would be everywhere. After all, if a car … [Read more...] about What Happens If Self-Driving Cars Don’t Happen This Decade?
Share to Twitter Share to Linkedin It’s one thing to act like you want to add a top shortstop, and another thing again to do it. We’re going to find out over the next month or so if the post-Theo Epstein-era Chicago Cubs can do more than titillate their fan base. While Jed Hoyer has said little publicly about the rebuilding team’s interest in adding one of the monster shortstops on the free-agent market — Trea Turner, Carlos Correa, Xander Bogaerts and Dansby Swanson — he and his ownership group is doing little to scuttle growing speculation. Tom Ricketts must enjoy a positive buzz after the acrimony that has followed the selloff of Anthony Rizzo, Kris Bryant, Javier Baez and Kyle Schwarber, which has even prompted the team to lower season-ticket prices. The Cubs are being heavily linked to a pursuit of Correa, the 28-year-old who opted out of his deal in Minnesota after a solid 2022 season. They certainly have plenty of payroll flexibility to land him or … [Read more...] about Chicago Cubs Explore Shortstop Market, But Will They Pay Up To Land One?
Plug Power’s long-time CEO is repositioning the fuel cell maker to be a producer of hydrogen fuel made from water and renewable power to cut climate-warming industrial carbon pollution from the steel, oil and agricultural industries. I t’s nearly one hundred degrees on a baking Los Angeles afternoon but mercifully cool inside the bustling Beverly Hilton where Plug Power CEO Andy Marsh just finished speaking at a tech conference to tout so-called green hydrogen. Dressed casually in a short-sleeve shirt, he’s upbeat and preparing to meet with a member of Congress he won’t name who wants to hear about an aspect of this promising carbon-free energy source that cuts across political lines: jobs. “Solar and wind projects don’t create a lot of jobs on a continuous basis,” Marsh tells Forbes in a distinctive southeast Pennsylvania accent. “There's jobs in producing hydrogen. Much more than if you build a battery plant.” For decades hydrogen has been a “water on the road” … [Read more...] about Is Green Hydrogen The Fuel Of The Future? This CEO Is Betting On It