Independent thinking for complex markets and current events
City leaders pitch “local business” and “environment” while pushing tighter travel and zoning rules. They wreck economies then lecture the little guy about flying too much. Foreign tourism has fallen off a cliff. This is a $100B domestic industry largely concentrated in NYC, southern Florida, southern California, and Las Vegas. Hotels, airlines, restaurants, and tour …
US military planners are pushing ahead to secure additional access to Greenland, the latest sign of Donald Trump’s sustained strategic interest in the Danish island. The Pentagon and State Department are negotiating with Denmark for a ‘permanent presence’ at three additional bases in Greenland, General Gregory Guillot told Congress in mid-March. Guillot heads US Northern …
🇵🇪PERU WANTS TO BUILD A MEGA RAILWAY FROM BRAZIL TO… CHINA?! Peru has a big idea to build a railway that will run from Brazil all the way to its Pacific coast. The plan is to make trade with China faster and skip the long sea trip through the Panama Canal or around the bottom… …
$700k houses on $5M plots of land. California’s Wildfires highlights the Land Speculation Problem. byu/Not-A-Seagull ingeorgism
Jeff Zucker is coming back! Sources tell me that today’s announcement that CBS News chief Ingrid Cipirian-Matthews is gone probably means one thing: the return of Jeff Zucker. What’s going on here? Zucker — who ran CNN and NBC and desperately wants to return to power — is partners in real life Jeff Shell, former …
by confoundedinterest17 Well, not really unexpected since the housing sentiment index for home builders was above 50 yesterday. But with The Fed pausing rate hikes, housing starts are soaring! US housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel …