@DukeEnergy#ChapelHill Power is out again, just like three weeks ago. All it takes is a little rain or a puff of wind, and we’re down for half a day. Feels like we’re living in a Third World country.
Regarding the departure of CFO Flavia Landsberg from $PYYX, I'm wondering, if this stock is as undervalued as we think, why is Flavia forgoing 150,000 unvested shares? I'm getting this from the 2024 proxy statement. @bonapartay, what's your take?
Here's Vivek Ramaswamy in 2015, scamming the public on his Alzheimer drug that had already failed drug trials 4 times before he bought it for pennies.
He rebranded it & took the company public in an IPO. Then he & his family dumped $2 billion of stock before it failed again.
Higher cattle prices are here to stay in Brazil even if ranchers bring more animals to market in the first quarter of 2025, according to the head of one of South America’s top meatpackers https://t.co/qPojBEQTDk
The return of economic idiocy is staggering and terrifying. Many things are debatable even if I or others may strongly differ. Tax rates are debatable. Transfer programs are debatable. Regulation is debatable (all within reason). But the return of politically driven idiocy that is not debatable, that history and theory have both proven destructive, is terrifying. Almost all economists of the left and right (not the extreme left and extreme right) would agree (though we haven’t heard the former economist Paul Krugman or any of his backup singers, the Krugtones, courageously speak truth to their own party about rent control of this latest asininity on price controls).
The current top 3.
1) Rent control — has destroyed whatever it has touched, and for clear obvious reasons. The left wants it everywhere and are finally poised to get it.
2) The “blame corporations” utter nonsense on inflation, and the plan to whip inflation now through price controls, is beyond ridicule. From Diocletian to Nixon, from theory to fact, it’s insane. The left is all in on it.
3) Tariffs and trade wars out of the past destroying a ton of prosperity for both us and our trading partners all to claim to have saved some jobs (generally in the industries we don’t really want, they always say “we don’t need cheap crap from overseas in exchange for American jobs” but we don’t want those jobs making “cheap crap” either — also involving “national security” here is almost always just a lie (almost)). This one is mainly from the right but Biden didn’t repeal Trump’s idiocy here and added his own, so the left has no real high ground and is poised to make it worse just not “as much worse” as Trump if they win.
We have a democratic candidate who is economically illiterate and just a far left hack, and a republican candidate who thinks lying about his crowd size is more important than articulating anything cogent.
It is very very bad.
Good morning.
@bonapartay $PYYX Per ChatGPT, data re: leaf tobacco ex-/imports passing through Baltimore harbor was "not readily available," but the Port of Norfolk shipped 81% of U.S. waterborne tobacco exports in 2011, so just possibly next q won't be overly impacted by bridge accident.