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Home2023August

Month: August 2023

Political

Epstein-Linked Apollo Sued Over ‘Improper’ $570 Million Executive Payments To Cover Tax Bills

August 24, 2023 Mariel Alumit

Apollo Global Management is being sued by shareholders over an ‘improper’ distribution to executives of roughly $570 million to cover tax obligations.   Recall that Apollo founder Leon Black was forced out over revelations that […]

Price
Finance

Despite Weak Global Data, We Have Stagflation… We Also Have Leninist Policy Shocks

August 24, 2023 Mariel Alumit

By Michael Every of Rabobank History, some say, is “Just one damned thing after another.” So is most financial markets coverage, just with post hoc ergo propter hoc. Yet serious historians look for patterns; Marxists […]

Truck
Electric Vehicles

‘It Was Really A Nightmare Frustration’: Stranded Ford Electric Truck Owner Rents Gas-Powered Toyota To Finish Road Trip — But Wall Street Remains Bullish On These EV Stocks

August 24, 2023 Mariel Alumit

Embarking on a road trip in a new truck should be a delight. But for Dalbir Bala from La Salle, Manitoba, it turned out to be a frustrating experience. Bala bought an electric 2023 Ford […]

BRICS
BRICS

Saudi Arabia, Iran and Egypt among 6 countries joining BRICS in 2024

August 24, 2023 Mariel Alumit

The five-nation BRICS group announced expansion of members on Thursday, having invited six countries to join the bloc. South African President Cyril Ramaphosa, who is hosting the group’s summit in Johannesburg, said that Argentina, Egypt, […]

Panama
Commodities

Panama Canal Authority sets the record straight on congestion figures

August 24, 2023 Mariel Alumit

The Panama Canal Authority (ACP) has moved to highlight the real congestion numbers at both ends of the waterway amid misleading reports carried in recent days suggesting there are 200 ships waiting. The ACP has […]

ERCOT
Grid

With the power grid holding, what’s next for ERCOT?

August 24, 2023 Mariel Alumit

This summer, North Texas had a stretch of 21 straight days with high temperatures of 100 degrees or higher. The area has also had 20 days at or above 105 degrees. Despite the heat, ERCOT […]

Oil
Crude Oil News

Oil production boosts government income in New Mexico, as legislators build savings ‘bridge’

August 24, 2023 Mariel Alumit

SANTA FE, N.M. (AP) — Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year, economists for the state announced Wednesday. Annual state […]

Electric
Electric Vehicles

Drivers In The Southwest Are Learning Electric Cars Don’t Like It Hot

August 24, 2023 Mariel Alumit

Newbie electric vehicle owners learned last winter the hard truth about frigid weather adversely affecting both onboard battery range and charging times. Cold weather testing conducted by the Society of Automotive Engineers indicates EVs can […]

Texas
ESG

Thousands of Old Wind Turbine Blades Pile Up in West Texas

August 24, 2023 Mariel Alumit

Every year since 1958, the West Texas town of Sweetwater has hosted the World’s Largest Rattlesnake Roundup, which is exactly what it sounds like. Thousands of the venomous ophidians are rooted out of their dens and brought to […]

Oil
Big Oil Companies

U.S. Oil And Gas Firms Spend More On Shares Than Exploration And Development

August 24, 2023 Mariel Alumit

For the first time ever, U.S. oil and gas firms returned more money to investors than they spent on exploration and production. A new study by E&Y showed that oil and gas firms’ spending on […]

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