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CEO Adam Tan drove the global ascent and ambition of the conglomerate, which has sought comparisons to Warren Buffett’s Berkshire Hathaway. It is now drawing the scrutiny of regulators and Wall Street, and its debt-fueled expansion has hit a wall. WSJ.com: What’s News US
Sales of legal marijuana are expected to increase 30% in this year. A new Gallup poll, 64% of Americans want to see weed legalized nationwide. However, Attorney General Jeff Sessions has voiced strong opposition to legalization and decriminalization. Few, if any, industries are growing as quickly as legal marijuana. According to Marijuana Business Daily‘s 2017 […]
(credit: Matt Hintsa) Today, US Energy Secretary Rick Perry directed the nation’s federal grid regulator to create rules favoring coal, hydroelectric, and nuclear generators. The Notice of Proposed Rulemaking (NOPR) (PDF) stated that the Federal Energy Regulatory Council (FERC) must order grid operators to increase how they value “reliability and resilience attributes” in energy generation. Although no specific […]
Enlarge (credit: Getty Images | ljhimages) Despite a study showing that 98.5 percent of individually written net neutrality comments support the US’s current net neutrality rules, AT&T is claiming that the vast majority of “legitimate” comments favor repealing the rules. The Federal Communication Commission’s net neutrality docket is a real mess, with nearly 22 million […]
How One Southwest Airlines Pilot Worked With Make-A-Wish Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]
Porsche As was sadly expected, on Friday Porsche confirmed its plans to end the all-conquering 919 Hybrid LMP1 racing program at the end of 2017. Like Audi before it, the German brand is going to refocus its energy on Formula E, entering the fray in season six, which starts in 2019. That’s a boost for […]
For decades, Mercedes-Benz touring cars have been seen battling other marques bumper to bumper on the DTM circuits. The three letters stood for Deutsche Tourenwagen Meisterschaft in its first, 1984-1996 iteration; the series was cancelled for a few years in the late ’90s as other makes quit and racing action would have consisted of solely […]
Enlarge (credit: flickr user: NH53) If humans, chimps, gorillas, and orangutans can all do something, but monkeys can’t, that tells a certain evolutionary story: it suggests that the ability emerged sometime after the apes split off from the monkeys on our evolutionary tree. But if a bird comes along with that ability, it throws the whole story […]
OZY’s next TV show, Third Rail With OZY, is launching on PBS this fall! To kick things off, we’re shelving anything PC and launching debates. Nothing is off-limits, and we’ll go where most fear to tread. Each Wednesday, we’ll post a provocative question, with a focus on topics that might make it onto the show. […]
REUTERS/Joshua Roberts The US dollar is falling out of favour with currency traders, even with the US Federal Reserve continuing to lift interest rates. According to data released by the US Commodity Futures Trading Commission on Friday, net long speculative positioning in the greenback fell for a fifth consecutive week in late June, leaving it […]
