Uber's Get's a Trophy

Submitted by Chris Ducret on Fri, 02/07/2020 - 03:23

Uber's earning announcement today results in a jump in their share price from $26 to $37.  The headlines look great, Uber beat all the key estimates this  last quarter.  The phone app (not like they have to bear the cost of the labor or Capex of the fleet, but hey who needs to that when you have people to bear the cost, but Uber maintains control of the money).  

Texas in danger in next Crunch?

Submitted by Chris Ducret on Sun, 02/02/2020 - 16:53

Haynes and Boone released their oil bankruptcy report.  Texas lead the way with bankruptcy last year with 42. Louisiana and Colorado were tied for second with 11.  When the economy collapsed in 2008 WTI peeked at @ $165/brl.  With the support of  high oil prices, Texas was able to weather the economic collapse well.  

University Tracking Justified?

Submitted by Chris Ducret on Tue, 01/28/2020 - 18:39

Mizzou and other universities are using an app by Spotter "track" student attendance in class.  Is it reasonable to track if a student is in class or not?

Making things simple to know what is happening without the overhead to management has great appeal.  Particularly if you have students on scholarship or academic probation, understandable. Maybe even justified. 

When is Top 1% OK, Look to Illinois

Submitted by Chris Ducret on Sun, 01/26/2020 - 15:32

Great breakdown on what it takes to be in the top 1% in a state by NBC. The call out that 129,000 individuals working for Illinois' state/local government will have $1M+ retirement packages puts them in the Top 1% of the Illinois population. 

If you are from the generation that get access to the pension system that are generous, everything looks great.  However, the new hires won't be getting the same level of benefits.  

Comparing options;

Under the Mattress Davos Style

Submitted by Chris Ducret on Sat, 01/25/2020 - 16:40

Ignoring the headline nonsense, the real matter is, how are negative interest rates in Europe impacting people at the conference?  If you are one of the 159 attendees from Switzerland, negative rates may be on your mind. CNN summarized well the cost involved. What is interesting are the reports of requests for large cash withdrawals. 

Dry bulk shipping Dumps

Submitted by Chris Ducret on Wed, 01/22/2020 - 12:30

Back to the basics.  Keep your eye on Baltic Dry shipping rates.  the BDIY tracks the shipping rates for dry goods.  Important basic commodities.  Grain, coal, ore, steel coils and cement. The basic building blocks of the world economies.  The index provides and average of the shipping cost for these dry goods across 20 different routes.

San Francisco Restaurants Eat its and don't know why

Submitted by Chris Ducret on Mon, 01/20/2020 - 13:25

San Francisco proclaims the image of being the smartest people in the room.  Must be with human waste and used needles covering the streets. They live up to the image of being enlightened.  To add insult to injury, the report from NBC Bay Area that 400 restaurants closed last year (2019). Many famous spots are now gone after decades in business.  The reasons provided covered, increase in food cost, rent, the "High Cost" of San Francisco.  

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