Category Archives: Business

Will Americans Spend More this Holiday Season?

“Shop ’til you drop” might not play as well this year…

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While it is common financial advice to not spend beyond your means, surveys claim that people plan on spending less during holidays this year.

“shopping 2” by wolfgangfoto is licensed under CC BY-ND 2.0

However, the same survey finds that they plan to spend about as much on gifts as last year.

Historically, Americans spend over a thousand dollars on debt based purchases during the holiday season.

Holiday spending forecasts predict a lower than average increase in spending, about 1.5%, where the average is 4.1%.

This year, Thanksgiving is on the 26th of November.

Post Thanksgiving holiday shopping is expected to drag on longer than ever this year.

By Michael Carver
November 25th, 2020 5:55 PM

Featured Image Credit: “shopping 2” by wolfgangfoto is licensed under CC BY-ND 2.0

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State Linked Companies in China are Defaulting

What’s that got to do with the price of tea in China?

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Concerns about fraud and ‘malicious asset transfers’ rise as chinese companies with government ownership default on their debt obligations.

“China – Great Wall” by iNathan is licensed under CC BY 2.0

The credit markets of China are tightening up and it is affecting a wide range of things. Chinese regulators are now espousing a “zero tolerance” policy.

Earlier this year Luckin Coffee was delisted because of accounting fraud.

Biden’s pick for national security wants to encourage chinese business despite these issues.

Government involvement in the chinese financial industry prevented Ant Group from going public.

One of the recent defaults was a coal company.

By Michael Carver
November 25th, 2020 10:23 AM

Featured Image Credit: “China – Great Wall” by iNathan is licensed under CC BY 2.0

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Nintendo Reaps the Benefits of Lockdowns

Not really their fault, so don’t blame them for making a buck.

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Nintendo is making a bunch of money off of gaming driven by pandemic lockdowns. They expect this to continue with Pikmin 3 Deluxe

Fictional creatures at something like 200x scale frozen in time | “Pikmin statue” by Gage Skidmore is licensed under CC BY-SA 2.0

They expect the good times to keep going with this release. It’s slated to be all of what Pikmin 3 was with all the DLC included and some additions.

The first Pikmin 3 came out about 7 years ago in 2013.

Pikmin 4 was “almost done” in 2015, so we’re not really sure what’s up with that.

For those unfamiliar, Pikmin are kinda like onions, a valuable commodity and useful food.

The collective noun for cute pikmin is a “crop”.

By Michael Carver
November 5, 2020 4:30 PM

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Can’t stop a crop.

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More Space-Internet from Starlink

This is just one more step closer to catgirl-transhumanism.

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Musk has announced that many more people will be allowed to purchase the 50 to 150 meg service from his company as they roll out wider coverage.

“SpaceX Starlink Broadband Satellite Deployment over Earth” by jurvetson is licensed under CC BY 2.0

In a brief message, he calls this “beta participation”, which, true to form, has a certain kind of humor to it.

Starlink aims to provide high speed internet to the entire globe.

Astronomers are a bit miffed by the project. This is because it causes significant optical interference for earth based space observations.

The next launch of more Starlink satellites was meant to be back on October 9th, but has been delayed to a yet to be determined future date.

Currently, there are about 900 of these little guys in orbit.

By Michael Carver
November 3, 2020 9:24 AM

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Be a beta participant 🙂

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Real Estate Giant Moves to Texas from California

Hospitality, Restaurants, and Gaming having a tough time.

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Of the 5,000 or so employees CBRE has in California, it doesn’t expect to have to move many “Client Facing” positions.

Those are pretty tall buildings. | “Tall Buildings – One 57” by cogito ergo imago is licensed under CC BY-SA 2.0

Government reaction to the pandemic has also negatively affected the hospitality industry, however those businesses can’t typically change location as easily as the companies that own buildings all over the country.

One Hundred Over the Park was unveiled in 2016

Local regulations even affect the private events of the rich and famous.

AirBnB is trying to help out by starting an endowment.

Despite all this, The Racino, granted a silly name, still expects to bring 400 jobs to the area.

By Michael Carver
October 30, 2020 5:17 PM

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Oil Stocks Waiver After Biden Comments at Debate

Among other things, he said we have a dark winter ahead.

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Towers used to process raw material into useful things | Photo by Pixabay on Pexels.com

By Michael Carver
October 23, 2020 11:04 AM


Major oil companies are trading about 1% lower than yesterday before Biden made a negative comment about the oil industry at last night’s debate.


Biden said he would end the oil industry when Trump asked him as part of a less chaotic performance than the first debate.

In Pennsylvania, oil was first discovered in 1859 in Titusville.

In all likelihood, Biden was trying to say we need to end the oil industry at some point, but just failed to specify when in the heat of the moment. However, tens of millions of people whose lives and livelihoods depend on this industry may have been a bit spooked by the statement.

The Department of Energy is hoping to encourage the use of nuclear power generation.

Biden’s son has worked for a company in the energy sector before, so maybe he knows a thing or two about it.

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