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International News

‘Daunting shortage’ of skilled workers looms over giant, renewable energy projects

June 1, 2023 Mariel Alumit

Outback Queensland is home to one of the largest potential wind zones in the country, but a lack of infrastructure and a shortage of skilled workers are major roadblocks in reaching national renewable energy targets. In […]

Finance

Goldman Sachs Prepares For Third Round Of Layoffs As M&A Activity Slumps

May 31, 2023 Mariel Alumit

As macroeconomic headwinds mount, merger and acquisition trends are pressured downward. The Federal Reserve’s ongoing policy of interest rate hikes to combat the highest inflation seen in decades has created less-than-optimal conditions for dealmaking. Consequently, […]

Bankruptcy

The Bankruptcy Caravan Is Now Arriving: Time To Pay For The Easy Money

May 30, 2023 Mariel Alumit

Authored by Doug French via The Mises Institute, The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and responded with a vivid description embracing self-contradiction: […]

Bankruptcy

More Than 50,000 US Stores Will Close By 2027 According To UBS

May 30, 2023 Mariel Alumit

Over 2,000 stores across all retail sectors have closed in the past 12 months according to a recent report from UBS retail analyst Michael Lasser (available to pro subs in the usual place), and that […]

Supply
Climate Crisis

The U.S. Needs a Domestic Supply Chain for Renewable Technology

May 24, 2023 Mariel Alumit

A primarily domestic supply chain for renewable technologies — such as batteries and solar panels — is becoming increasingly vital as the United States sets plans for clean energy infrastructure expansion. Relying on foreign sourcing […]

Alaska
Exploration and Production

Alaskan Trucking Fleets Promise $150K Driver Salaries Amid Drilling Boom

May 7, 2023 Mariel Alumit

By Rachel Premack of FreightWaves As more drilling and mining projects are approved in Alaska, local trucking fleets are planning to hire drivers around the United States to haul equipment, chemicals and other loads — […]

US National Debt
Finance

Republican debt cap plan to cut US jobs, slow growth: Economist

May 4, 2023 Mariel Alumit

A Republican plan to cut federal spending in exchange for lifting the United States government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist […]

Finance

IBM to freeze hiring as CEO expects AI to replace 7,800 jobs

May 3, 2023 Mariel Alumit

EconomyTechnology IBM will freeze hiring as it expects about 7,800 jobs to be replaced by Artificial Intelligence (AI) in the coming years, the tech giant’s CEO has said. In an interview with Bloomberg News, IBM […]

Illinois
Coal

Mental health, roofing and job training: Illinois ‘just transition’ grants roll out – what it means to coal and oil workers

May 1, 2023 Mariel Alumit

​ Southern Illinois can be a mental health care desert, with residents forced to drive hours to seek care for mental health and substance abuse issues. But that is changing thanks in part to state […]

Element
Electric Vehicles

Element 25 Proposes EV Battery Materials Facility in Ascension Parish

April 25, 2023 Mariel Alumit

BATON ROUGE, La. – Element 25, an Australian mining company, announced it is exploring plans to invest $480 million across two phases to build a high-purity manganese sulfate monohydrate production facility in Ascension Parish. The […]

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