"You don’t listen to the science because you are only interested in solutions that will enable you to carry on like before"
-- Greta
Investor. Any references to securities are not recommendations or solicitations to buy or sell anything. I may have positions in securities mentioned.
Wednesday, December 25, 2019
Greta vs the Fossil Fuel Industry
"You don’t listen to the science because you are only interested in solutions that will enable you to carry on like before"
-- Greta
Thursday, November 21, 2019
The Anti-Value Cycle
Monday, November 18, 2019
Monday, November 11, 2019
Friday, November 1, 2019
leading indicators/WeWork /Immune Amnesia
*******************************************************
The American Lawyer@AmericanLawyer
Firms have been remarkably proactive in building up their bankruptcy practices over the last three years, energizing the lateral market long before the arrival of the anticipated downturn.
After the debt bubble burst a dozen years ago, a cascade of business failures turned bankruptcy practices into a bright spot—and set off a rush for talent—among law firms grappling with the Great Recession.
More than a decade after the last recession, threats to the economy’s health are slowly becoming apparent as more indicators point to an imminent slowdown. But unlike the sudden worldwide financial crisis of the last decade, the slow plod toward the next recession has allowed law firms to be more deliberative in building out their bankruptcy and restructuring practices.
https://www.law.com/americanlawyer/2019/10/29/its-coming-looming-recession-keeps-bankruptcy-partners-on-the-move/
*********************************************************************************
WeWork - scandal
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
It’s been a tumultuous few weeks for WeWork, and several large law firms are working through each step of the unfolding drama.
Less than a year removed from a $47 billion valuation, the co-working space operator saw its valuation drop to less than $10 billion, had its CEO ousted, is projected to lay off around 2,000 employees and has canceled its much anticipated initial public offering.
The latest developments in the dramatic saga include WeWork’s primary investor, SoftBank, giving WeWork founder and former CEO Adam Neuman a $1.7 billion golden parachute to leave the company and give up his voting power.
This is on top of a $500 million stipend to pay off a loan and a $187 million “consulting” fee the bank is giving Neuman, much to the chagrin of analysts.
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
*************************************
You Can't Manage It If You Don't Measure It
Prior to Neuman’s exodus, WeWork was hoping to bring in about $3 billion from its IPO and another $6 billion in bank funding post-IPO, The Wall Street Journal reported. But now that the IPO is off (for now), the company could find itself in a position where it is bleeding cash with no reliable source to replenish the coffers.
WeWork withdrew its initial public offering after the company apparently made a series of changes to its initial IPO filing and omitted other details deemed pertinent to the filing, the Journal reported. For instance, the company amended the number of additional workstations added for the year from 273,000 to 106,000. The prospectus apparently also had to be adjusted when the gross income from those stations, stated initially at $1.3 billion, was changed to $800 million. Why? Apparently the numbers were just “wrong”, sources told the Journal.
The company’s prospectus failed to disclose the ownership of a $60 million Gulfstream G650ER (a private jet that is now for sale) and made no mention of Neuman’s sale of hundreds of millions in company stock since the company formed in 2010. Although not required by the SEC, failure to disclose stock sales by company executives doesn’t tend to sit well with prospective investors.
WeWork does still plan on going public, but the timing for that move is now in flux. With Neuman forced out, co-CEOs Artie Minson, formerly the company’s co-president and chief financial officer; and Sebastian Gunningham, who was vice-chairman, told The Washington Post that the company is going to focus on its “core business” for the time being.
“We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future,” the co-CEOs wrote in a statement.
Link: https://www.law.com/americanlawyer/2019/10/27/deal-watch-wework-drama-spins-off-work-to-multiple-big-firms/
*************************************
You Can't Manage It If You Don't Measure It
Thursday, October 31, 2019
Sydney shrouded in bush--fire smoke as Melbourne swelters
https://www.theguardian.com/australia-news/2019/oct/31/sydney-shrouded-in-bushfire-smoke-as-melbourne-swelters?
Mobius Foundation
@themobiusfound
Not just the plastic cup, avoid paper cups as well. Carry a reusable cup or a mug for your outdoor needs. There are even foldable and space saver cups in the market for your bags.
Wednesday, October 30, 2019
Ashley Callingbull - REDx Talks Preview.
Currently holding the crown of Mrs. Universe. Ashley has been commended for leveraging her title to advocate for missing and murdered Aboriginal women and Indigenous rights.
Ashely shares her story and continues to inspire people around the world.
TED Talks has some imitators and REDx uses the format with Native speakers talking about Native issues.
Red x
Cowboy Smithx is an Award Winning filmmaker of Blackfoot Ancestry from the Piikani and Kainai tribes of Southern Alberta, Canada.
Cowboy is the founder and curator of the highly acclaimed International Indigenous speaker series “REDx Talks." He also serves as the Artistic Director of the Iiniistsi Treaty Arts Society.
He writes, directs and produces film works in documentary, narrative, music video and experimental. Cowboy is currently working in Indigenous education, Cultural consultation and Youth work across the globe. Cowboy hosts the critically acclaimed podcast “The Silent X”.
Performed on June 2, 2016 at the University of Calgary.
Performed on June 2, 2016 at the University of Calgary.
Cowboy Smithx. REDx Talks “Resilience, Empowerment, Discourse and a silent ‘x.”
REDx Talks
Conversation
Tuesday, October 29, 2019
In the long run , we're all dead John Maynard Keynes
This is not a new idea. Nor is it an excuse to give up.
The future depends on what we do in the present.
A man is but the product of his thoughts; what he thinks, he becomes.
In the long run , we're all dead
John Maynard Keynes
British economist
British economist
Thursday, October 24, 2019
Enphase Energy = Solar energy company
Enphase Energy
Solar energy company
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
LinkedIn
YouTube
Twitter
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
LinkedIn
YouTube
Twitter
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
YouTube
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
DescriptionEnphase Energy is a NASDAQ-listed energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. Wikipedia
CEO: Badri Kothandaraman
Headquarters: California, United States
Revenue: 286.2 million USD (2017)
Founded: March 2006
Number of employees: 500
Founders: Raghu Belur, Martin Fornage
Profiles
YouTube
People also search for
View 15+ more
SolarEdge
SunPower
Sunrun
Vivint Solar
Tesla, Inc.
FeedbackDisclaimer
Claim this knowledge panel
Enphase Energy Inc
NASDAQ: ENPH
Enphase Energy, Inc. (ENPH) Stock Price, Quote, History ...
https://finance.yahoo.com › quote › ENPH
ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that CNC Solar, a leading Mid-Atlantic solar contracting company, has distinguished itself with outstanding service to solar customers.]
Enphase Energy, Inc. (ENPH) Stock Price, Quote, History ...
https://finance.yahoo.com › quote › ENPH
ENPH), a global energy technology company and the world's leading supplier of solar microinverters, today announced that CNC Solar, a leading Mid-Atlantic solar contracting company, has distinguished itself with outstanding service to solar customers.]
Wednesday, October 16, 2019
Checklist for social media:
Accuracy and accountability checklist for social media:
Way back in the early fall, when the Online News Association conference was going on here in D.C., Craig Silverman of Regret the Error did a greataccuracy workshop in conjunction with TBD. He created an accuracy checklist aimed at helping reporters avoid common errors. My boss, Steve Buttry,expanded on Silverman’s list at his own blog a couple of weeks ago. This checklist approach inspired me to think of ways to avoid accuracy and reporting errors in my own little corner of the journalism world.
In the rapid-fire world of social media, it’s easy for a journalist or news organization to make mistakes. Sometimes, these things happen in the heat of the moment, but more often than not the errors seem to stem from a widespread belief amongst journalists that Twitter carries less need for accuracy and accountability than the full-story medium.
Recent events have told us otherwise.
I believe there is an ever-increasing need for accuracy and accountability in how we as journalists use social media. This inspired me to start my own accuracy checklist for the TBD staff, but I thought it may be better to share with a larger audience. Feel free to add your notes and additions in the comments. I consider this a work in progress.
Accuracy Checklist for Social Media
Before tweeting:
- How do I know this information?
- Is this information independently confirmed? Should it be first?
- Do I know the location of the news event? Check a map.
- Will this require follow-up tweets to better explain? Do I know this story well enough to follow-up?
When tweeting:
- Are proper names spelled correctly?
- Does the link go to the right place? Is it shortened properly?
- Are any Twitter handles included? Do they go to the right accounts?
- Does this tweet have/need attribution for reported facts?
- Does this tweet need a hat tip for another Twitter account/news outlet who first alerted you to the info?
- Is a location included/necessary?
- Is this tweet short enough to be easily re-tweeted?
- Check to see if auto-correct changed the text intended.
- Check your shorthand and contractions to make sure they make sense.
When re-tweeting:
- Is it clear why I want to share this tweet, or does it need context?
- Is this tweet reporting heretofore unknown information?
- If so, is this source reliable enough to throw your name behind?
- Is the original tweet written clearly enough to be passed on from me?
- Do I know this account?
When sharing on Facebook:
- Is the image that shows up in my link preview actually connected to the story?
- Is the post text and headline reflective of the content of the story?
What’s missing here? Let me know. eventually, I’ll make this look spiffy and get it online as a lovely printable document.
- Are any tagged users in images/posts the correct people?
http://zombiejournalism.com/2011/01/accuracy-and-accountability-checklist-for-social-media/trackback/
http://zombiejournalism.com/2011/01/accuracy-and-accountability-checklist-for-social-media/
Wednesday, August 28, 2019
Strict lending requirements starting to erode
Mortgage Market Reopens to Risky Borrowers
Strict lending requirements that were put in place after financial crisis are starting to erode
https://www.wsj.com/articles/mortgage-market-reopens-to-risky-borrowers-11566379802
Aura Minerals Inc.
Aura Minerals Inc is a mining company and engaged in the exploration, development, and operation of gold and base metal projects including San Andres Mine, Sao Francisco Mines, Aranzazu Mine and Serrote Project. It operates through following geographical segments namely Canada, Brazil, Mexico, and America. The firm generates most of its revenues from San Andres gold mine, the Sao Francisco gold mines in Brazil.
STOCKCALC REPORTS
Download a comprehensive report detailing quantitative analytics of this equity. For subscribers only.
DOWNLOAD REPORT (PDF)
VALUENGINE REPORTS
Download a comprehensive report detailing quantitative analytics of this equity. For subscribers only.
DOWNLOAD REPORT (PDF)
LATEST PRESS RELEASES
More Stories
Aura Minerals Files 2018 Audited Annual Financial Statements and Management Discussion and Analysis
GlobeNewswire - Wed Mar 27, 11:16PM CDT
Aura Minerals Inc. (TSX: ORA) announces that the Company has published its 2018 Audited Annual Financial Statements and Management Discussion and Analysis.
Board Approval for Commencing Mining Operations in the Ernesto Deposit
GlobeNewswire - Fri Mar 8, 5:23PM CST
Aura Minerals Inc. (TSX: ORA) is pleased to announce that the Ernesto Deposit, located in Mato Grosso, Brazil, has received approval from the Board of Directors for Commencement of Operations.
Aura Announces Management Changes
GlobeNewswire - Thu Feb 21, 3:59PM CST
Aura Minerals Inc. (TSX: ORA) announces the appointment of Kleber Cardoso as VP Finance and the departure of Ryan Goodman as VP Legal Affairs.
Economics Blogs
Top 100 Economics Blogs of 2019 | Intelligent Economist
https://www.intelligenteconomist.com › economics-blogs
May 22, 2019 - Managerial Econ is the perfect blog for anyone wanting to solve managerial problems and make business decisions using economic principles.
Mortgage Market Reopens to Risky Borrowers -- "Liar Loans" Are Back!!
Mortgage Market Reopens to Risky Borrowers
"Liar Loans" Are Back
Largely gone are the monikers subprime and Alt-A, a type of mortgage that earned the nickname “liar loan” because so many borrowers faked their income and assets. Now they are called non-qualified, or non-QM, because they don’t comply with post-crisis standards set by the Consumer Financial Protection Bureau for preventing borrowers from getting loans they can’t afford.
More info: https://www.amazon.com/Liar-Loan-Jaso...
More info: https://www.wsj.com/articles/mortgage...
Thursday, May 23, 2019
Inside John Mack's Strategy to Save Morgan Stanley
-- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
Subscribe to:
Posts (Atom)