Friday, September 30, 2022

BIG Wrap

Diamond-handed investors blinging record cash to market

Retail investors are pouring funds into U.S. stocks at a rate 40% higher than in a record-breaking 2020, according to Bloomberg. Retail traders, many of them newbies, are jumping all over stock-market dips, leaving analysts wondering how long the novice bull ride will last.   https://www.bnnbloomberg.ca/nothing-the-stock-market-does-ever-scares-its-retail-daredevils-1.1573217

Undaunted by dousing of 2020 Burning Man, organizers ignite ambitious project

The weirdness that is Burning Man in Nevada's Black Rock Desert was not to be in 2020 and possibly 2021, but the organizers, Burning Man Project (BMP), say they plan to create something even more immense called Fly Ranch. On 3,800 acres just north of the Burning Man site, BMP proposes build infrastructure for global  sustainable solutions. Projects within Fly Ranch are to include Solar Mountain, SEE symbiotic coevolution and the Ripple bioceramic dome....

Virgin Galactic investment pays off big time for Palihapitiya

One of the first big spenders in special-purpose acquisition (SPAC) investment, billionaire Chamath Palihapitiya has sold 6.2 million personal shares of Virgin Galactic for about $211 million. He pledged to parlay the profits into combatting climate change. Palihapitiya's investment in 2019 helped the space tourism startup founded by Richard Branson speed to a public listing. Palihapitiya and business partner Ian Osborne still own 15.8 million shares via SCH Sponsor Corp.   https://markets.businessinsider.com/news/stocks/chamath-palihapitiya-sells-virgin-galactic-personal-stake-211-million-2021-3-1030154267

Senate clerks play tag team to recite Biden’s stimulus package

Senator Ron Johnson, R-Wis., speaks to the media at the U.S. Capitol   The $1.9-trillion COVID-19 relief bill proposed by U.S. President Joe Biden took a detour overnight after Wisconsin Republican Senator Ron Johnson demanded that the entire 628-page document be read aloud. Johnson claimed that all members should be aware of what is in the bill because of the tremendous cost. Senate clerks took shifts to read the bill beginning at 3:30 p.m. Eastern and...

Ultimate Gray and Illuminating are the 2021 colours of the year – wait, who picked that?

You may have heard, over the years, the announcement of the colour of the year. Unless you are a professional designer, chances are you have no idea who is responsible for choosing the particular hue or shade that will spruce up the most up-to-date living-room wall or décor of your favourite restaurant. And while it may seem trivial to most, it is an influential matter in the corporate world. Slate tells the story of how a...

Overtime Sports’ new hoop league aims to dribble past NBA’s feeder system

Overtime CEO Dan Porter   Sports content provider Overtime Sports Inc. says it plans to put serious money into the hands of 16- to 18-year-old basketball players who want to bypass the high school and collegiate levels. Players in the Overtime Elite League have been promised they will earn at least $100,000 per season as they buff up for NBA eligibility and build their brands. As CNBC points out, Overtime CEO Dan Porter admitted that NBA commissioner David...

Scotch drinkers toast suspension of tariffs

Those who imbibe British single malt whiskies and cheese will be delighted to know that the U.S. has suspended duties on those and other products as the two countries try to resolve a trade dispute. The conflict originated with aircraft manufacturing tariffs imposed by the U.S. on the European Union prior to the U.K.'s departure from the EU. In a BBC report, the head of the Scotch Whisky Association called the suspension of tariffs...

Sands deserts Vegas holdings, plans on dune more business in Asia

Las Vegas Sands Corp. is synonymous with the desert casino city, but that relationship is ending as the company has sold off its Las Vegas holdings, the Venetian and the Sands Expo and Convention Center. Apollo Global Management and Vici Properties have tossed in enough chips ($6.25 billion) to make the purchase. Sheldon Adelson, who died in January, opened the Venetian in 1999. The Venetian helped Las Vegas Sands become the world's biggest casino company....

Changes in store for post-pandemic office

Assigned desks and permanent walls could be a thing of the past once employees are back at the office. In order to accommodate social distancing, some workplace designers are planning for workstations to be used on a rotating basis, monitored by sensors to detect occupancy. Other designers are offering moveable walls for individual offices. As Forbes writer Kristin Stoller explains, many of the potential changes are in response to the psychology of workers affected...

One small step for 8 men and women, one giant leap (financially) for kind man

Starship at the SpaceX facility in Boca Chica, Texas Courtesy SpaceX   Aspiring astronauts, space experience not necessary, are being invited by Yusaku Maezawa, founder of Japanese online fashion company Zozotown, to apply for one of eight seats on the first civilian lunar flight – on his dime. The journey, named dearMoon and planned for 2023 on SpaceX's Starship rocket, may go farther than the Apollo missions. According to CNBC, to qualify, prospective passengers must be able to advance whatever...