Looking to buy two half-finished nuclear reactors? It may be your lucky day. US utility owner Scana Corp. dropped a plan to build two reactors at the V.C. Summer power plant in South Carolina after the projected total costs exceeded $20 billion. The cancelation of the project is another blow to the much-hyped (and thus far non-existent) nuclear renaissance in …
Read More »Opinion
OPEC is confronting a game-theory dilemma
Over the last few years, producers belonging to the Organization of Petroleum Exporting Countries have had mixed success at winning the price-setting “game” for oil. To stand a better chance of regaining durable control, they must do a much better job of working together, and, importantly, they need to do so in a much broader and more institutionalized manner. Otherwise, …
Read More »The real reason car sales are falling in US
It’s been a tough few months in Detroit. After seven years of gangbuster sales, the US auto market is skidding badly. The American car and truck segment is remarkably easy to get a handle on, but a look at some of its indicators may induce some head-scratching. For the past 20 years, the number of licensed drivers has ticked up …
Read More »Why Apple keeps investors waiting and waiting…
For more than a year, Apple investors have been looking ahead to what comes next. They’re still waiting, and the longer they wait the longer it takes to come to grips with Apple’s new, less-turbocharged reality. The company’s revenue rose a relatively pedestrian 7.2 percent in its third fiscal quarter compared with the awful quarter a year earlier, and Apple’s …
Read More »â€˜Loyalty to president’ versus sense of right and wrong
If President Trump ordered a senior government official to support the firing of special counsel Robert Mueller, how should that person respond? Adm. Mike Rogers, head of the National Security Agency, answered my question about that onstage last week at the Aspen Security Forum. He began with the usual caveat that he wouldn’t answer a hypothetical, but then offered a …
Read More »Macron should call Drahi’s bluff
Tycoon Patrick Drahi has been telling everyone lately that he’s going to spend about 15 billion euros ($17.6 billion) building a national fiber broadband network in France. What’s more, he says his local operator SFR Group SA will have it done by 2025 and won’t take the public subsidies used by his rivals. If he follows through on the big …
Read More »Don’t succumb to crazy White House fatigue
That was fun. Just 240 or so hours ago, Anthony Scaramucci, absent relevant experience and credentials, became the White House communications director. It was a palace coup that also forced the departures of press secretary Sean Spicer and chief of staff Reince Priebus from the administration of President Donald Trump, and appeared to leave Steve Bannon’s future in doubt as …
Read More »Executives are worried about Amazon not Trump
What keeps corporate leaders up at night? It isn’t the chaos in Washington or rising worker pay. It’s what Amazon.com Inc. is, or could be, doing to their business models, according to a Bloomberg analysis of earnings conference call transcripts. The expanding online behemoth has morphed from a retail category killer to a much broader enterprise that now competes with …
Read More »Testing Canada-Mexico ties
Free trade between Canada and Mexico is in part an accident of history: two nations, each the other’s afterthought, came together in their shared race to capitalize on the US market. Now, after President Donald Trump threatened to leave the North American Free Trade Agreement, the pact’s junior partners are working more closely than ever to save it. Trump has …
Read More »How the H-1B program fares under Trump…
Despite President Donald Trump’s frequent and public criticism of the H-1B visa program, new data released shows applicants are undeterred. The US government has received more than 300,000 H-1B visa petitions and extensions so far this year, according to data released last Wednesday by US Citizenship and Immigration Services, compared with a total of 399,349 in all of 2016. A …
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