Category Archives: Daily Digest

Energy Energy crisis will set off social unrest, private-equity billionaire warns Blackstone CEO Stephen Schwarzman warned Tuesday that high energy prices will likely set off social unrest around the world. Congress eyes $235B in clean energy subsidies President Biden’s climate agenda is now riding on the passage of tax incentives, especially after the Clean Electricity…

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Energy Hertz Order for 100,000 EVs Sends Tesla Value to $1 Trillion Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet. Tesla Inc.’s shares soared, pushing the automaker’s value past $1 trillion for the first…

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Energy Biden Administration Plans to Kill America’s Energy Sector | Opinion The progressive environmental Left, led by Rep. Alexandria Ocasio-Cortez (D-N.Y.) and other Green New Deal proponents, seems poised to suffer a significant defeat at the hands of its own party. La Nina Threatens to Worsen Energy Crisis With Colder Winter Lower than usual temperatures…

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Energy 750,000-Panel Solar Farm Will Power Colorado Steel Mill, First of its Kind The solar energy arm of petro-giant BP has brought together $285 million in private equity to fund a gargantuan solar energy project in Colorado that will power the world’s first carbon-neutral steel mill. How energy flexibility can save us money and cut…

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Economy What’s plaguing the American economy? According to the Fed, it’s shortages Supplies may be dwindling, but complaints about “shortages” are surging. The ‘Big Quit’ Tells a Bigger Economic Story The Great Resignation is more than just the sum of its quits; the pandemic is restructuring the economy, and forcing fundamental changes in the way…

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Economy China property: Default risks for other developers, PBOC on Evergrande All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday. On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of…

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Economy Unhappy with prices, ranchers look to build own meat plants Frustrated with persistently low prices, ranchers and others in the beef industry are moving to reverse a long trend of consolidation and planning to open new slaughterhouses. The Impending Mass Firing of America’s Unvaccinated Fyodor Dostoevsky wrote that “the degree of civilization in a…

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Economy IC Industry at Heart of Possible China Takeover of Taiwan Healthy future global economic growth is increasingly dependent upon the continued introduction of advanced electronic systems. The critical components within these systems are integrated circuits (ICs), without which, advanced electronic systems cannot be produced. Industrial metals blast off as energy crisis drags down supply…

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Economy Bank of America Quarterly Profit Rises 58% on Higher Interest Income – WSJ Bank of America Corp. said Thursday that third-quarter profit rose 58%, suggesting banks’ lending businesses are starting to improve from a pandemic slump. The bank released $1.1 billion of the reserve it had set aside for pandemic loan defaults, helping boost…

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Economy Fed Worried About Inflation Risk as It Firmed Up Tapering Plan – WSJ Federal Reserve officials last month worried that disrupted supply chains were raising the risks of more persistent inflation as they firmed up plans to reduce their bond-buying stimulus program next month and conclude it by the middle of next year. Biden…

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