Independent thinking for complex markets and current events
The U.S. is setting up a quarantine facility in Kenya for Americans exposed to Ebola abroad instead of isolating them on arrival in the United States Kenya approved the arrangement but local courts have already suspended implementation The plan is designed to isolate exposed individuals before any entry into the U.S. system Public opposition in …
Breakdown of the Cuts: $679 million total rescinded by the Transportation Department $435 million of that was earmarked for a floating wind farm in Northern California Another $47 million was slashed from a Maryland-based project The largest single cut: Humboldt Bay Offshore Wind, which lost $427 million in federal support Official Justification: Transportation Secretary Sean …
CHINA DROPS A GIANT: WORLD’S BIGGEST WIND TURBINE China just planted the world’s largest offshore wind turbine – a 26-megawatt beast with a massive rotor. Once it’s plugged into the grid, this single unit will pump out 100 million kWh a year – enough juice for 55,000 households. One turbine, an entire city’s worth of …
Iran is loading tankers and rushing oil out like it’s a race against time. Its main oil hub, Kharg Island, is packed to the brim with crude, even though exports jumped 44% in just 5 days. Satellite pics show tankers hiding far from shore, only darting in last minute to load and get out before …
The numbers are staggering:— Microsoft: Paid extra $4.8 BILLION in taxes, fired 16,000+ workers— Meta: Cut 21,000 employees (25% of workforce) after "material" tax increases— Amazon: 27,000 layoffs concentrated in R&D teams— Google: 12,000 cuts despite record profits 2/4 — Deedy (@deedydas) June 8, 2025 Tech companies are now incentivized to— Hire more offshore, taking …
by MonetaryCommentary This particular offshore dollar liquidity gauge, calculated as the ratio of total liabilities of foreign-related institutions in the U.S. to U.S. deposits at foreign banks, remains mired in a secular upswing, suggesting that foreign banks are still boosting their dollar liabilities in U.S. markets at a faster pace than U.S. residents are placing dollars …
JUST IN: 🇨🇳 China's local governments sell 15,000 Bitcoin worth $1.25 billion via offshore private entities: Reuters. pic.twitter.com/N7L5b8PxNi — Whale Insider (@WhaleInsider) April 16, 2025 🚨BREAKING: 🇨🇳China is selling seized crypto, despite its trading ban — Reuters reports. Local governments are using private firms to sell crypto for cash to fund public budgets. China reportedly …
🚨 D.C. IN FULL MELTDOWN MODE! 🚨 Ever since D.O.G.E. (Department of Governmental Examination) started sniffing around government agencies, something HILARIOUS has happened: Google searches in Washington, D.C. have EXPLODED for:🔍 “Swiss bank account… but, like, discreet?”🔍… pic.twitter.com/nH4eLfDCyZ — Devil Dog (@The_Jtoms101) February 14, 2025 All of those “Gold bars being thrown off the Titanic” …
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. https://www.bloomberg.com/news/articles/2025-01-02/biden-to-block-more-offshore-oil-drilling-before-trump-arrives
We need to get Trump in office so he can unlock all the new map. h/t Electrical_Door7196
Aflurry of court cases filed by opponents of offshore wind projects may tie up green energy infrastructure for years in costly litigation—or leave them canceled altogether. There are currently 13 cases pending in federal courts targeting offshore wind projects, according to the American Clean Power Association, an offshore wind trade group. An undetermined number of …
Companies are increasingly turning to workers who are abroad to replace laid off U.S. employees. For example, Google recently cut hundreds of core workers and moved jobs to India and Mexico. To find out if companies are replacing laid off U.S.-based employees with offshore employees, in July, ResumeBuilder.com surveyed 600 business leaders involved in decisions to terminate …
Facing rising costs and strategic realignments, Shell is preparing to lay off staff in its offshore wind division, particularly in Europe. CEO Wael Sawan, who has been steering the company away from renewables since taking over, emphasizes a focus on value over volume in the energy transition. Key Points: Staff cuts in Shell’s offshore wind …
More trouble for China's yuan ahead. Already high drama w/onshore rate (CNY) right at the 2% daily limit day after day. Offshore continues to be substantially weaker. Given what the Chinese reported from their economic situation, can't blame CNY or CNH. Economy is not responding. pic.twitter.com/nTzeSxVe9r — Jeffrey P. Snider (@JeffSnider_EDU) April 17, 2024
🇺🇸USS Dwight D. Eisenhower, USS Philippine Sea and USS Mason entered the Red Sea after transiting the Suez Canal yesterday. pic.twitter.com/PM93xhzmSI — Navy Lookout (@NavyLookout) November 5, 2023 The American aircraft carrier Dwight Eisenhower passes through the Suez Canal pic.twitter.com/Hu5DsK1JBz — Sprinter Press (@SprinterPress) November 5, 2023 USS Philippine Sea (CG 58) Ticonderoga-class guided missile …
(Bloomberg) — Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said. Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to …
National Lobster Day is a good time to look at what Bidenomics is going to do to lobsters and the $400 million lobster industry. And it isn’t good. It isn’t good for electric users’ budgets either. Biden’s 30 GWs of offshore wind is catering to the left’s rush to “end fossil fuels” (which provide 80% …