Archive for November 16th, 2017

At an event adjacent to Space X, the Tesla Semi (yes, that's its name) electric truck was introduced with the same pomp and circumstance the company uses for all its automobile launches.

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At an event adjacent to Space X, the Tesla Semi (yes, that's its name) electric truck was introduced with the same pomp and circumstance the company uses for all its automobile launches. The tall, slick big rig follows the Tesla minimalist design language. The only protrusions are the side mirrors and a sensor array that resemble tiny wings situated at the top rear on either side of the truck. It looks like the future. CEO Elon Musk says it's "designed like a bullet." The Tesla Semi is exactly what you would expect from the company. An electric truck with a 500-mile range and a wealth of technology including Enhanced Autopilot. It also has a plethora of big rig-specific features like jackknifing prevention, sensors for blind-spot detection and data-logging for fleet management. But Tesla is no longer alone when it comes to electric vehicle announcements. Daimler, Cummins, and Toyota (the latter via hydrogen fuel-cells) all have prototype trucks that rely on electrons instead of gasoline for power. Meanwhile, Volvo showed off a hybrid semi-truck earlier this year. Other than Toyota — which is already moving cargo in Los Angeles — these trucks probably won't be on the road for a few years. While passenger EVs are the main focus of most automakers, electrifying semi-trucks would go a long way to reducing pollution. According to the American Truck Association in 2014, trucks traveled 279.1 billion miles. In 2015, the EPA, noted that medium and heavy-duty trucks accounted for 23 percent of vehicle emissions. The Semi will have Enhanced Autopilot (automatic emergency braking, automatic lane keeping and lane departure warning) like the rest of the current Tesla lineup. It also has jackknife protection, sensors and cameras meant to reduce blind spots. The trucks interior is large enough to stand in (I'm six-foot three inches tall and my head didn't hit the ceiling. Like most big rigs, it has a set of steps on either side for easy entry and exit although these feel more like stairs than what's found on traditional large trucks. It also has a centered driving position which makes it slightly odd in the trucking world. Once behind the wheel, drivers will have two Model 3 displays on either side of the wheel with all the usual vehicle information that's in a regular Tesla on the right side (speed, mileage, battery status, maps, climate control, music, etc) and truck-specific info on the left. Thanks to the displays, other than the usual levers for lights and wipers found on the steering wheel stalk, the cabin is sparse. All of the interior room is thanks to Tesla moving the drivetrain to the rear of the Semi behind the cabin. Four Model 3 motors with a slightly modified gearing ratios than what's found in the passenger car. Each of these is attached to their own wheel. Like other electric vehicles, there's no need to shift gears. The driver just steps on the accelerator and goes. Although there's very little chance the Semi will have Ludicrous mode. What it does have is a way for truck drivers to deliver their goods in a slick, easier to drive vehicle. As long as we keep ordering stuff from Amazon and other online retailers, we'll need big rigs. They're an important part of our economy that's typically overlooked. If Tesla can convince trucking companies that its offering is more cost effective because of the electric motors and connected fleet management capabilities than the traditional diesel vehicles on the road, that's a win for Tesla. But more importantly, it's a win for the environment. Developing. Tesla

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It sets up the most interesting conundrum in decades. For a paradigm wholly dependent on rational expectations theory, for Economics to now so publicly chastise and try to degrade the most significant markets on the planet is perhaps a case study in unraveling. The contradiction is just too good to ignore.
And it is a very simple case of not being able to see the forest for the trees. Central banks around the world claim they are normalizing monetary policy for the first time in a decade because their respective economies have finally healed more than enough to warrant some normalness….

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The wealthy and businesses do very well under the plan.

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When it comes to investing, most people are in search of reliable return streams to facilitate lifestyles and legacies they aspire to. And while we are all unique, we have many things in common in the way we want our money to work for us.
The perfect return stream, if we were to sketch it, might resemble the Mystery Fund depicted in the graph below. Specifically, the Mystery Fund has three traits investors covet:
Safety Growth Consistency

Datastream, Business Insider

Safety
You cant secure your future if you dont first preserve your past. So the first rule of money…

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Requiring seven years to draft and weighing in (currently) at 1.4 million paragraphs of rules and regulations, Europe’s new Markets in Financial Instruments Directive II will affect virtually every bank, mutual find, exchange, broker, pension fund, retail investor and high frequency trader that does business in Europe. In other words, almost every financial services company in the America. The European Union’s social engineers will try to regulate virtually every aspect of the financial markets, covering everything from maintaining taped conversations of securities orders to regulatory…

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<p>A California jury on Thursday ruled in favor of Johnson &amp; Johnson in a lawsuit by a woman who said she developed the cancer mesothelioma after being exposed to asbestos in the company's talc-based products including J&amp;J's Baby Powder.</p>

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<p>Owning a home might help you save money, but it won't help you make money.</p>

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The condominium market has turned red-hot in Vancouver, with agents saying local and offshore buyers are snapping up units that are not yet completed, even as a foreign buyer tax has sent detached home sales plunging.

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<p>U.S. equities rose on Thursday, rebounding from consecutive declines, following strong quarterly results from Cisco Systems and Wal-Mart. Wall Street also looked ahead to a key vote on tax reform.</p>

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<p>Shares of Walmart soared after the company posted its strongest U.S. sales gain in more than eight years, helping the retailer keep pace with rival Amazon as the crucial holiday season begins.</p>

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If there’s one word that would seem to describe the U.S. stock market in 2017, it’s this: quiet. But a crucial shift may be taking place below the surface.

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For many Americans, it's an essential part of their retirement income — here are some things to know

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Liberty Media Chairman John Malone shares his views in an exclusive interview with CNBC’s David Faber Thursday.

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<p>U.S. equities rose on Thursday, rebounding from consecutive declines, following strong quarterly results from Cisco Systems and Wal-Mart. Wall Street also looked ahead to a key vote on tax reform.</p>

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