15 March 2021

1) Canoo of Los Angeles is offering a battery-powered truck, with a skateboard-style EV platform, having a highly modular, cab-forward, for a blisteringly quick utility vehicle. Similar to Ford’s F-150, it comes in about the height and two inches narrower, and with a wheelbase 10 inches shorter. Without a conventional drive train, its extended cab is far forward, thus giving it a larger bed than the Ford. With its battery and electric motor, it can generate 600 horsepower and 550 foot-pound of torque even down at zero rpm. These should make the Canoo a respectable tow rig, not to mention a capable crawler, what with its short wheelbase, skid plates front and rear, and integral tow hooks.

2) America has now administered over 100 million doses of COVID-19 vaccine (101.1 million). That equates to more than 35 million Americans fully vaccinated or 10.5% of the total U.S. population. Nearly 66 million, or almost 20% of the total population, have gotten at least one dose, while one-third of Americans age 65 and older are fully vaccinated. The first shot was given on December 14, and more doses have been administered in the U.S. than any other country in the world, although several smaller nations have vaccinated a higher proportion of their populations. The U.S. should have enough COVID-19 vaccine to immunize the nation’s entire adult population by this summer, with enough left over for some 172 million more people. The nationwide pace of vaccinations has quickened to an average of over 2 million doses a day. The majority of states have already vaccinated many of their front line essential workers and residents over 75 years old.

3) Rare earth elements are produced in various parts of the world, but primarily in China, who has been holding the U.S. and some other countries hostage under threat of a trade war by using these ‘must have’ minerals. But that is about to change with Noranda Alumina of Gramercy, Louisiana, who is proposing developing an $800-million dollar high tech refining center for extracting rare earth minerals from over 35-million tons of residual bauxite stored in Louisiana. Investing nearly a billion dollars on the new plant, it will create 2,000 construction jobs. Once in operation, the facility will employ 200 full time high paying jobs along with nearly 600 indirect jobs. This opportunity enables America to domestically produce these rare earth elements that go into a lot of green earth technologies, plus by recycling the residual bauxite, the extraction plant will be carbon neutral.

4) Stock market closings for – 12 MAR 21:

Dow 32,778.64 up by 293.05
Nasdaq 13,319.86 down by 78.81
S&P 500 3,943.34 up by 4.00

10 Year Yield: up at 1.64%

Oil: down at $65.56

11 December 2020

1) The minerals called ‘rare earths’, is used in a wide range of products central to the American economy, and therefore is a disaster waiting to happen. Already, voices in China and the Chinese Communist Party are suggesting that supplies of rare earths to America should be curtailed to gain diplomatic and economic leverage. In 2010, China made a similar threat to Japan, then temporarily cutting off supplies over a minor diplomatic dispute. China holds 35 percent of the world’s entire rare earth supply, but has been turbocharging production, and so now accounts for 70 percent of global production. Furthermore, China supplies 80 percent of the U.S.’s rare earth imports. The rare earth minerals are a class of 17 different mineable natural elements, which can be extracted from the earth’s crust. These minerals make up crucial components of many modern technological innovations, from electric cars and solar panels to fighter jets and satellites. The permitting process in the U.S. is ridiculously long, taking up to three decades where Australia and Canada’s only require two years, thus precluding much-needed investment from taking place.

2) Entrepreneur Elon Musk has announced his intention to relocate his business center to Texas. He joins the massive migration of Californians to Texas, with 687,000 California citizens having moved to Texas in the last decade, and in addition, Texas is the number one state for corporate moves. Other major technology companies have also abandon their ‘mother state’, leaving California for Texas. Major companies such as Hewlett Packard Enterprise Co. have left. Toyota moved its North American headquarters, and about 4,000 jobs, from California to Plano Texas in 2017. Musk has also moved some major operations, picking Austin as the site for Tesla’s largest U.S. assembly plant, a $1.1 billion dollar investment that’ll employ at least 5,000 workers.

3) There are suggestions that the FCC has massively overstated the availability of gigabit coverage of internet service in the U.S. The FCC reported that gigabit internet was available to 84% of Americans, but independent numbers show it’s closer to 56% and possibly even less. This discrepancy is a result of the method used by FCC research, by counting all houses as having the gigabit service in an area when only some number of houses actually have the service. The larger issue is limited access to high-speed broadband internet for those households located in rural areas and low-income urban areas.

4) Stock market closings for – 10 DEC 20:
Dow 29,999.26 down by 69.55
Nasdaq 12,405.81 up by 66.86
S&P 500 3,668.10 down by 4.72
10 Year Yield: down at 0.91%
Oil: up at $46.97

23 August 2019

1) President Trump’s suggestion of buying Greenland is bringing to light international interest in the world’s largest island because of its geopolitical importance. Since World War II, there has been a strategic interest as a result of Atlantic shipping lanes. But the island nation also has stocks of natural resources such as coal, zinc, copper, iron and rare minerals. Even China has made proposals to Greenland for economic development. Some think that Greenland also harbors vast reserves of oil.

2) Twenty-two city municipalities have had their computer systems hacked and taken ransom, all simultaneously which indicates the ransom attacks is by a single unknown entity. So far, more than forty municipalities have been digitally hijacked this year, including major cities such as Baltimore and Albany. Most attacks are upon small cities and towns who have limited monetary resources for strong cyberdefenses or backing up data. There are more ransom ware attacks simple because they work and pay so well.

3) Foreign oil companies are leaving Canada to the tune of $30 billion dollars in the last three years. Canada’s oil industry has struggled to recovered from the 2014 crash in global oil prices, an industry that accounts for one fifth of Canada’s exports. The lack of pipelines has seriously effected Canada’s heavy crude prices for years. Consequently, capital is draining out of the industry effecting overall production and hence revenues.

4) Stock market closings for – 22 AUG 19:

Dow             26,252.24         up    49.51
Nasdaq          7,991.39         up    28.82
S&P 500         2,922.95    down      1.48

10 Year Yield:   up   at    1.61%
Oil:    up   at    $55.39