California Bans Sales of Gas Cars, Then Tells Citizens to Avoid Charging EVs During Heatwave
The government of California, which just last week became the first state to ban the sale of gasoline-powered vehicles by 2035, is sending its citizens some very conflicting messages about going green, and inadvertently, putting its competence into question. Merely days after Democratic Governor Gavin Newsom hailed the California Air Resource Board’s unprecedented law to […]
MicroStrategy, Michael Saylor Sued by Washington DC Over Tax Fraud
MicroStrategy (NASDAQ: MSTR) founder and former executive chairman Michael Saylor was slapped with a lawsuit by Washington DC., over allegedly failing to pay taxes on hundreds of millions of dollars in earnings while he resided in the region for over a decade. According to a tweet by Attorney General Karl A. Racine, the District of […]
Populist Actions Are Pushing Lithium Prices Sky-High
Lithium, a key metal which is used in virtually all electric vehicle (EV) batteries, is a very unusual commodity. It is perhaps the only commodity where a combination of strong demand and a succession of supply-suppressing actions by country governments in key producing and reserve regions is boosting underlying prices both currently and likely over the […]
State Of Emergency: Jackson, Mississippi Loses Drinking Water — Indefinitely — As Treatment Plant Fails
Mississippi on Tuesday declared a state of emergency after heavy rains and floods battered an already ailing water treatment system in the capital city of Jackson. The damage leaves more than 150,000 residents without access to safe drinking water for a still indefinite period of time. “It is going to be a massive undertaking,” Republican […]
Single-Stock ETFs Will Soon Let Investors Bet Against AMC, GME And Other Meme Stocks
If things go according to plan, investors will soon be able to conveniently short their meme stock of choice with just one instrument — an exchange-traded fund (ETF). It’s a little too convenient, and people are asking if it’s even legal, or if there’s even a point. REX Shares, a company that prides itself on […]
Ray Dalio Predicted A 30% Chance Of US Civil War; 43% Of Americans Think It’s At Least Somewhat Likely
A new survey found that more than two in five Americans believe that a civil war is at least “somewhat likely” in the next 10 years. The results echo billionaire and author Ray Dalio’s predictions from last year. In his book, The Changing World Order: Why Nations Succeed and Fail, Dalio warned of the likelihood […]
US Private Payrolls Disappoint Despite ADP’s Revised Methodology
In further testament that the labour market is rapidly losing momentum despite assurances from the Fed and the Biden administration otherwise, the ADP’s latest private payrolls fell short of expectations, seeding fears of a forthcoming economic slowdown riddled with inflation. Private payrolls rose by a paltry 132,000 in August, marking the second consecutive slowdown in […]
Stephen Punwasi Announces Toronto Mayoralty Bid With Housing-Led Agenda
The long list of registered candidates for Toronto mayoral election has just got a popular addition. Real estate pundit Stephen Punwasi publicly declared his bid for the position on Wednesday. Eroding from its former city glory as businesses close down and residents are priced out of their houses–this is how the real estate journalist and […]
Raided German Chemical Plant Suspected Of Supplying Russian Firm Bioweapon Components
German chemical plant and laboratory Riol Chemie GmbH was raided on Tuesday by customs officers upon suspicions of selling precursor chemicals for bioweapons to Russia. In an investigative report by the Organized Crime and Corruption Reporting Project, Riol Chemie is alleged to have made more than 30 shipments of chemicals and laboratory equipment to Russian […]
Rogers Outage Is Relevant To The Pending Shaw Merger, Says Competition Tribunal
If you think the recent network outage of Rogers Communications (TSX: RCI.B) should be an indicator of what could be coming once its merger with Shaw Communications (TSX: SRJ.B) pushes through, you’re not alone. The Competition Tribunal hearing the pending challenges by the Competition Commission to the potential takeover ruled on Friday that the outage is […]