One place possesses the fourth-largest economy in the world. Another is home to the fifth-largest.Both places have instituted ambitious energy and climate goals.But one — Germany — is struggling to meet those targets and its citizens pay some of the highest electricity prices in the industrialized world. Is the German experience a cautionary tale for the other place — California?It’s a question increasingly on the minds of some energy experts in the Golden State. “There are a lot of parallels,” said James Bushnell, economics professor at the University of California at Davis. “Both have been leaders and both have experienced a period of energy cost increases that are starting to create some worries of a pending backlash. I think that backlash has hit a little more in Germany.”Yes, California is not a country unto itself but its gross state product in 2017 was $2.747 trillion. If the Golden State were a nation, it would have surpassed the … [Read more...] about Is California going the way of Germany when it comes to energy?
Inch by inch when were moving closer
NEW YORK (AP) — U.S. stock indexes edged lower on Monday, pulled down by sinking bank stocks, and the S&P 500 fell for just the third time in the last three weeks. Goldman Sachs recorded one of the largest losses in the S&P 500 after describing a "muted start to the year," even though its earnings for the first quarter still beat analysts' expectations. Citigroup also slipped following its earnings report, as banks lead off a quarterly reporting season that analysts expect to be the weakest in nearly three years. The S&P 500 lost 1.83 points, or 0.1%, to 2,905.58. The Dow Jones Industrial Average fell 27.53, or 0.1%, to 26,384.77, and the Nasdaq composite lost 8.15, or 0.1%, to 7,976.01. The Russell 2000 index of small-cap stocks dropped 5.63, or 0.4%, to 1,579.17. The S&P 500 nevertheless remains within 0.9% of its record following its torrid start to the year, after the Federal Reserve said it may not raise interest rates at all in 2019. "I think we're going to … [Read more...] about S&P 500 falls to rare loss, hurt by weak bank stocks
Let’s bring Lermontov’s A Hero of Our Time up to date and look for a more contemporary champion. Let’s imagine ourselves in a television studio with all its tacky decorations, an in-your-face jury, a revved up audience, canned laughter and applause machines. Up they step, one after another in their fancy costumes, all those familiar faces with their dumb smiles stepping out along the shiny catwalk to the accompaniment of their own choice of music. Please put your hands together for Recep Tayyib Erdogan (Anatolian metal), Donald J. Trump (western swing), Jaroslaw Kaczynski (polonaise), Benjamin Netanyahu (Hassidic hip hop), Vladimir Putin (we don’t know what the music will be but the Kremlin spokeperson Dmitry Peskov denies that it’s written by Pussy Riot), and finally the smallest of all, in every sense of the word, Viktor Orbán. He will be entering to music by Leslie Mandoki, the Hungarian-German brains behind Genghis Khan and Mandoki Soulmates. Each … [Read more...] about I knew Orbán when he started his political journey; where it’s taken him terrifies me ǀ View
Engineer Don Kramer, middle, oversees the installation of the grass field tray system in preparation for the Phoenix Cardinals NFL football game at State Farm Stadium on Friday, Dec. 21, 2018, in Glendale, Ariz. Benjamin Hager Las Vegas Review-Journal Before the Raiders take the field for games in their new stadium, workers will move a 9,500-ton natural grass field into place on the stadium floor. A massive 4-foot-deep tray loaded down with grass, sand, gravel, irrigation and drainage components will roll in on 13 rails through a 14-by-240 foot opening at the south end of the stadium. With the tray powered by 76 electric motors and moving roughly 11 feet per minute, the task will take about 90 minutes to complete before every Raiders home game. Stadium architects devised the elaborate system to grow nearly an acre of grass on a portable tray outdoors and then wheel it into place for games in response to Raiders owner Mark Davis’ insistence that his team play on a natural-grass … [Read more...] about Challenge for Las Vegas Raiders stadium is moving grass field inside
Very few people have a brand so well-known they can be recognized sans last name — Beyoncé is one of those people. Her rapper/business mogul husband Shawn Carter, better known as Jay-Z, is worth $900 million alone, according to Forbes. Aside from their accumulated billionaire wealth, they’re also renowned for their undeniable talent, philanthropic giving, obsessive fans (#TeamBeyHive), private demeanor, business ventures, and for breaking the internet the second either of them make an unexpected move — which, for the record, is very often. Needless to say, this powerhouse couple is doing a whole lot right. Two-hundred and fifty-three point five million dollars — that’s what the Carters grossed on their latest On The Run II (OTRII) joint world tour which they brought to a close last month. Having had the pleasure of witnessing them live in Miami’s Hard Rock Stadium, I realized their brands go beyond star-power. They are succeeding, decades … [Read more...] about 4 Major Moves Business Owners Can Learn From The Carters